Vox Royalty (NASDAQ:VOXR) Releases Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Vox Royalty (NASDAQ:VOXR) posted its quarterly earnings data on Wednesday. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.08, Zacks reports. Vox Royalty had a return on equity of 8.16% and a net margin of 190.73%.

Vox Royalty Stock Performance

VOXR stock traded down $0.03 during midday trading on Wednesday, reaching $5.16. The company’s stock had a trading volume of 658,671 shares, compared to its average volume of 549,995. The stock has a fifty day simple moving average of $4.76 and a two-hundred day simple moving average of $5.29. The firm has a market capitalization of $358.36 million, a price-to-earnings ratio of 12.29 and a beta of 0.53. Vox Royalty has a 1 year low of $3.13 and a 1 year high of $6.70.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on VOXR shares. BMO Capital Markets restated an “outperform” rating on shares of Vox Royalty in a report on Friday, May 15th. Wall Street Zen lowered shares of Vox Royalty from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Roth Capital reiterated a “buy” rating and set a $8.00 price objective on shares of Vox Royalty in a research report on Monday, June 29th. Zacks Research upgraded shares of Vox Royalty from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Finally, Weiss Ratings cut shares of Vox Royalty from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $8.00.

Hedge Funds Weigh In On Vox Royalty

A number of institutional investors have recently modified their holdings of the stock. Royal Bank of Canada increased its holdings in shares of Vox Royalty by 10.4% in 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 during the period. Police & Firemen s Retirement System of New Jersey boosted its stake in Vox Royalty by 64.3% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 16,015 shares of the company’s stock valued at $76,000 after acquiring an additional 6,268 shares in the last quarter. Intech Investment Management LLC lifted its holdings in shares of Vox Royalty by 11.0% during the 4th quarter. Intech Investment Management LLC now owns 19,539 shares of the company’s stock valued at $93,000 after purchasing an additional 1,943 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Vox Royalty during the 2nd quarter valued at $91,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Vox Royalty in the second quarter worth about $69,000. 45.95% of the stock is 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.