Vox Royalty (NASDAQ:VOXR) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Vox Royalty (NASDAQ:VOXR) from a strong sell rating to a hold rating in a report published on Monday,Zacks.com reports.

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

Vox Royalty Stock Up 1.2%

NASDAQ:VOXR opened at $5.71 on Monday. The stock’s fifty day moving average is $5.57 and its two-hundred day moving average is $5.31. Vox Royalty has a 52 week low of $3.03 and a 52 week high of $6.70. The stock has a market capitalization of $393.42 million, a price-to-earnings ratio of 13.60 and a beta of 0.42.

Vox Royalty (NASDAQ:VOXR) last announced its quarterly earnings data 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). The company had revenue of $7.36 million during the quarter, compared to analyst estimates of $5.88 million. Vox Royalty had a net margin of 190.73% and a return on equity of 8.16%. On average, sell-side analysts expect that Vox Royalty will post 0.17 EPS for the current fiscal year.

Vox Royalty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be paid a $0.015 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.06 dividend on an annualized basis and a yield of 1.1%. Vox Royalty’s dividend payout ratio (DPR) is currently 14.29%.

Institutional Trading of Vox Royalty

Hedge funds and other institutional investors have recently bought and sold shares of the business. Banque Cantonale Vaudoise acquired a new stake in Vox Royalty in the first quarter valued at $32,000. AQR Capital Management LLC acquired a new stake in Vox Royalty in the fourth quarter valued at $50,000. ProShare Advisors LLC acquired a new stake in Vox Royalty in the fourth quarter valued at $52,000. Hsbc Holdings PLC acquired a new stake in Vox Royalty in the fourth quarter valued at $58,000. Finally, SG Americas Securities LLC acquired a new stake in Vox Royalty in the fourth quarter valued at $61,000. 45.95% of the stock is currently owned by institutional investors and hedge funds.

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.