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

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

Vox Royalty Price Performance

VOXR stock traded down $0.03 during mid-day trading on Wednesday, reaching $5.16. 658,671 shares of the company’s stock were exchanged, compared to its average volume of 549,995. Vox Royalty has a 12-month low of $3.13 and a 12-month high of $6.70. The stock’s 50 day moving average is $4.76 and its 200 day moving average is $5.29. The company has a market cap of $358.36 million, a price-to-earnings ratio of 12.29 and a beta of 0.53.

Analyst Ratings Changes

VOXR has been the topic of several recent research reports. Roth Capital reaffirmed a “buy” rating and issued a $8.00 price target on shares of Vox Royalty in a report on Monday, June 29th. Zacks Research raised Vox Royalty from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Wall Street Zen downgraded Vox Royalty from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Weiss Ratings cut Vox Royalty from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 17th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Vox Royalty in a report on Friday, May 15th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $8.00.

Institutional Investors Weigh In On Vox Royalty

A number of institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC acquired a new stake in Vox Royalty in the 4th quarter worth about $58,000. Virtu Financial LLC grew its holdings in Vox Royalty by 260.5% in the 4th quarter. Virtu Financial LLC now owns 39,040 shares of the company’s stock valued at $185,000 after buying an additional 28,211 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Vox Royalty by 17.7% in the fourth quarter. Invesco Ltd. now owns 33,333 shares of the company’s stock valued at $158,000 after purchasing an additional 5,016 shares during the period. Engineers Gate Manager LP purchased a new stake in shares of Vox Royalty in the 4th quarter valued at approximately $85,000. Finally, Bridgeway Capital Management LLC purchased a new stake in shares of Vox Royalty during the 4th quarter valued at approximately $275,000. Institutional investors and hedge funds own 45.95% of the company’s stock.

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.