Vox Royalty (NASDAQ:VOXR) Downgraded to Strong Sell Rating by Zacks Research

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

A number of other brokerages have also weighed in on VOXR. Weiss Ratings reiterated a “hold (c)” rating on shares of Vox Royalty in a report on Friday, March 27th. Wall Street Zen cut Vox Royalty from a “buy” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

Vox Royalty Stock Up 0.6%

Shares of NASDAQ:VOXR opened at $5.28 on Monday. The stock’s 50-day moving average price is $5.47 and its two-hundred day moving average price is $4.90. The company has a current ratio of 3.35, a quick ratio of 3.35 and a debt-to-equity ratio of 0.12. Vox Royalty has a 12-month low of $2.59 and a 12-month high of $6.59. The firm has a market cap of $363.74 million, a price-to-earnings ratio of 75.43 and a beta of 0.49.

Vox Royalty (NASDAQ:VOXR) last released its 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 return on equity of 0.84% and a net margin of 35.42%.The company had revenue of $7.36 million during the quarter, compared to analyst estimates of $5.88 million. On average, research analysts forecast that Vox Royalty will post -0.01 EPS for the current year.

Hedge Funds Weigh In On Vox Royalty

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada lifted its holdings in shares of Vox Royalty by 10.4% during the 4th quarter. Royal Bank of Canada now owns 20,119 shares of the company’s stock valued at $95,000 after acquiring an additional 1,893 shares in the last quarter. Intech Investment Management LLC lifted its stake in shares of Vox Royalty by 11.0% during the fourth quarter. Intech Investment Management LLC now owns 19,539 shares of the company’s stock worth $93,000 after purchasing an additional 1,943 shares in the last quarter. Stratos Wealth Partners LTD. lifted its stake in shares of Vox Royalty by 34.3% during the fourth quarter. Stratos Wealth Partners LTD. now owns 19,608 shares of the company’s stock worth $93,000 after purchasing an additional 5,013 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Vox Royalty by 17.7% during the fourth quarter. Invesco Ltd. now owns 33,333 shares of the company’s stock worth $158,000 after purchasing an additional 5,016 shares in the last quarter. Finally, National Bank of Canada FI lifted its stake in shares of Vox Royalty by 19.6% during the third quarter. National Bank of Canada FI now owns 34,574 shares of the company’s stock worth $137,000 after purchasing an additional 5,664 shares in the last quarter. Institutional investors and hedge funds own 45.95% of the company’s stock.

About Vox Royalty

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.