Vox Royalty (NASDAQ:VOXR) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen cut shares of Vox Royalty (NASDAQ:VOXR) from a buy rating to a hold rating in a research note issued to investors on Sunday.

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

Vox Royalty Price Performance

VOXR opened at $5.21 on Friday. The business’s fifty day simple moving average is $4.74 and its 200 day simple moving average is $5.29. Vox Royalty has a 52 week low of $3.13 and a 52 week high of $6.70. The stock has a market cap of $361.83 million, a PE ratio of 7.78 and a beta of 0.53.

Vox Royalty (NASDAQ:VOXR) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.28. Vox Royalty had a return on equity of 13.41% and a net margin of 246.96%.The firm had revenue of $16.04 million during the quarter, compared to analyst estimates of $7.72 million. As a group, equities analysts anticipate that Vox Royalty will post 0.2 earnings per share for the current year.

Vox Royalty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be issued a $0.015 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.06 annualized dividend and a dividend yield of 1.2%. Vox Royalty’s payout ratio is currently 8.96%.

Institutional Investors Weigh In On Vox Royalty

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Legal & General Group Plc purchased a new position in Vox Royalty in the 2nd quarter worth approximately $30,000. Banque Cantonale Vaudoise purchased a new stake in shares of Vox Royalty during the first quarter valued at approximately $32,000. AQR Capital Management LLC purchased a new stake in shares of Vox Royalty during the fourth quarter valued at approximately $50,000. Oppenheimer Asset Management Inc. bought a new position in shares of Vox Royalty in the second quarter worth approximately $51,000. Finally, ProShare Advisors LLC bought a new position in shares of Vox Royalty in the fourth quarter worth approximately $52,000. Institutional investors 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.