Los Angeles Capital Management LLC Grows Stake in Vox Royalty Corp. $VOXR

Los Angeles Capital Management LLC raised its holdings in shares of Vox Royalty Corp. (NASDAQ:VOXR) by 217.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 349,070 shares of the company’s stock after purchasing an additional 238,979 shares during the period. Los Angeles Capital Management LLC owned 0.51% of Vox Royalty worth $1,508,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. ProShare Advisors LLC purchased a new position in Vox Royalty during the 4th quarter worth $52,000. SG Americas Securities LLC acquired a new position in Vox Royalty during the 4th quarter valued at about $61,000. BNP Paribas Financial Markets raised its stake in Vox Royalty by 160.2% in the third quarter. BNP Paribas Financial Markets now owns 13,313 shares of the company’s stock valued at $57,000 after buying an additional 8,196 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in Vox Royalty in the fourth quarter valued at about $64,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in Vox Royalty in the third quarter worth about $63,000. Hedge funds and other institutional investors own 45.95% of the company’s stock.

Wall Street Analysts Forecast Growth

VOXR has been the topic of a number of research analyst reports. Roth Mkm began coverage on Vox Royalty in a research note on Wednesday, June 3rd. They set a “buy” rating and a $8.00 price target on the stock. Wall Street Zen raised shares of Vox Royalty from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Weiss Ratings cut shares of Vox Royalty from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 5th. BMO Capital Markets reissued an “outperform” rating on shares of Vox Royalty in a research report on Friday, May 15th. Finally, Zacks Research upgraded shares of Vox Royalty from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $8.00.

Vox Royalty Stock Performance

Vox Royalty stock opened at $4.68 on Thursday. The business’s 50-day simple moving average is $5.63 and its two-hundred day simple moving average is $5.37. The company has a market cap of $322.45 million, a PE ratio of 11.14 and a beta of 0.42. Vox Royalty Corp. has a fifty-two week low of $3.03 and a fifty-two week high of $6.70.

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 firm had revenue of $7.36 million during the quarter, compared to analysts’ expectations of $5.88 million. Vox Royalty had a return on equity of 8.16% and a net margin of 190.73%. As a group, analysts predict that Vox Royalty Corp. will post 0.2 EPS for the current fiscal year.

Vox Royalty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, June 30th. Vox Royalty’s payout ratio is presently 14.29%.

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.