Vox Royalty (NASDAQ:VOXR) Stock Rating Upgraded by Zacks Research

Vox Royalty (NASDAQ:VOXR) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Several other brokerages have also recently issued reports on VOXR. Roth Mkm assumed coverage on shares of Vox Royalty in a report on Wednesday. They issued a “buy” rating on the stock. Wall Street Zen upgraded shares of Vox Royalty from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. BMO Capital Markets reissued an “outperform” rating on shares of Vox Royalty in a research note on Friday, May 15th. Finally, Weiss Ratings raised Vox Royalty from a “hold (c+)” rating to a “buy (b)” rating in a research note on Thursday, May 14th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Vox Royalty presently has an average rating of “Moderate Buy”.

Vox Royalty Stock Up 1.2%

NASDAQ VOXR opened at $5.71 on Monday. The company has a 50-day simple moving average of $5.57 and a two-hundred day simple moving average of $5.31. Vox Royalty has a 12-month low of $3.03 and a 12-month high of $6.70. The firm has a market cap of $393.42 million, a price-to-earnings ratio of 13.60 and a beta of 0.42.

Vox Royalty (NASDAQ:VOXR) last posted its quarterly earnings results on Monday, March 30th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.05). Vox Royalty had a net margin of 190.73% and a return on equity of 8.16%. The business had revenue of $7.36 million for the quarter, compared to analysts’ expectations of $5.88 million. Equities analysts expect that Vox Royalty will post 0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vox Royalty

Several large investors have recently made changes to their positions in the business. Ashford Capital Management Inc. lifted its holdings in shares of Vox Royalty by 13.8% during the first quarter. Ashford Capital Management Inc. now owns 3,586,900 shares of the company’s stock valued at $18,795,000 after purchasing an additional 434,530 shares during the last quarter. U S Global Investors Inc. lifted its holdings in shares of Vox Royalty by 6.4% during the first quarter. U S Global Investors Inc. now owns 1,662,000 shares of the company’s stock valued at $8,709,000 after purchasing an additional 100,000 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Vox Royalty by 36.7% during the fourth quarter. Geode Capital Management LLC now owns 733,661 shares of the company’s stock valued at $3,478,000 after purchasing an additional 197,117 shares during the last quarter. McAlvany Wealth Management LLC lifted its holdings in shares of Vox Royalty by 33.5% during the first quarter. McAlvany Wealth Management LLC now owns 733,415 shares of the company’s stock valued at $3,513,000 after purchasing an additional 184,002 shares during the last quarter. Finally, Walleye Capital LLC lifted its holdings in shares of Vox Royalty by 85.5% during the fourth quarter. Walleye Capital LLC now owns 691,536 shares of the company’s stock valued at $3,278,000 after purchasing an additional 318,762 shares during the last quarter. 45.95% of the stock is currently owned by hedge funds and other institutional investors.

Vox Royalty Company Profile

Vox Royalty Corp. is a mining royalty and streaming company that acquires interest in precious and base metal projects around the world. By investing in royalty and metal stream agreements, the company provides non-dilutive financing to exploration and mining operators in exchange for a percentage of production revenue or metal offtake. This model allows Vox Royalty to build a steady cash-flow profile without the operational risks and capital expenditures associated with direct mine ownership.

Since its founding in 2018 and subsequent listing on the TSX Venture Exchange, Vox Royalty has assembled a diversified portfolio of royalty and stream interests covering gold, silver, copper, zinc, nickel and other battery metals.