Vox Royalty (NASDAQ:VOXR) Issues Quarterly Earnings Results

Vox Royalty (NASDAQ:VOXR) posted its quarterly earnings data on Wednesday. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.06 by $0.03, Zacks reports. Vox Royalty had a return on equity of 0.71% and a net margin of 35.42%.

Vox Royalty Stock Performance

NASDAQ VOXR traded up $0.10 on Wednesday, hitting $6.28. 472,921 shares of the company’s stock were exchanged, compared to its average volume of 585,306. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.73 and a quick ratio of 2.73. The firm’s 50-day moving average price is $5.53 and its two-hundred day moving average price is $5.12. Vox Royalty has a fifty-two week low of $3.02 and a fifty-two week high of $6.59. The firm has a market cap of $432.70 million, a price-to-earnings ratio of 89.71 and a beta of 0.36.

Vox Royalty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.015 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.06 annualized dividend and a yield of 1.0%. Vox Royalty’s payout ratio is presently 85.71%.

Institutional Investors Weigh In On Vox Royalty

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

Analysts Set New Price Targets

Several analysts have commented on VOXR shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vox Royalty in a research note on Friday, March 27th. Wall Street Zen downgraded Vox Royalty from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Zacks Research cut Vox Royalty from a “hold” rating to a “strong sell” rating in a research report on Monday, April 6th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

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.