Vox Royalty (NASDAQ:VOXR) Cut to Buy at Wall Street Zen

Wall Street Zen lowered shares of Vox Royalty (NASDAQ:VOXR) from a strong-buy rating to a buy rating in a report published on Saturday morning.

A number of other research firms also recently commented on VOXR. Weiss Ratings downgraded shares of Vox Royalty from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 17th. BMO Capital Markets reissued an “outperform” rating on shares of Vox Royalty in a research report on Friday, May 15th. Zacks Research upgraded shares of Vox Royalty from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Finally, Roth Capital reaffirmed a “buy” rating and set a $8.00 price target on shares of Vox Royalty in a research report on Monday, June 29th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $8.00.

Vox Royalty Stock Up 2.0%

Shares of NASDAQ:VOXR opened at $5.14 on Friday. The company has a market cap of $356.97 million, a P/E ratio of 12.24 and a beta of 0.53. Vox Royalty has a 52 week low of $3.13 and a 52 week high of $6.70. The business has a fifty day simple moving average of $4.77 and a 200-day simple moving average of $5.29.

Vox Royalty (NASDAQ:VOXR) last released its earnings results on Wednesday, May 13th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.06 by $0.28. Vox Royalty had a return on equity of 8.16% and a net margin of 190.73%.The firm had revenue of $16.04 million during the quarter, compared to analyst estimates of $7.72 million. Sell-side analysts expect that Vox Royalty will post 0.2 earnings per share for the current fiscal year.

Vox Royalty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Vox Royalty’s payout ratio is 14.29%.

Hedge Funds Weigh In On Vox Royalty

Large investors have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Vox Royalty during the 2nd quarter worth about $30,614,000. Ashford Capital Management Inc. lifted its position in 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 buying an additional 434,530 shares in the last quarter. U S Global Investors Inc. grew its stake in 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 worth $8,709,000 after buying an additional 100,000 shares during the period. Geode Capital Management LLC grew its stake in Vox Royalty by 36.7% during the fourth quarter. Geode Capital Management LLC now owns 733,661 shares of the company’s stock worth $3,478,000 after buying an additional 197,117 shares during the period. Finally, McAlvany Wealth Management LLC increased its position in shares of Vox Royalty by 33.5% in the first quarter. McAlvany Wealth Management LLC now owns 733,415 shares of the company’s stock worth $3,513,000 after acquiring an additional 184,002 shares in 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.