Vox Royalty (NASDAQ:VOXR – Get Free Report) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.
Several other brokerages also recently weighed in on VOXR. Zacks Research raised shares of Vox Royalty from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. BMO Capital Markets reissued an “outperform” rating on shares of Vox Royalty in a report on Friday, May 15th. Weiss Ratings cut Vox Royalty from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 17th. Finally, Roth Capital reaffirmed a “buy” rating and set a $8.00 price target on shares of Vox Royalty in a report on Monday, June 29th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Vox Royalty currently has an average rating of “Moderate Buy” and an average price target of $8.00.
View Our Latest Analysis on Vox Royalty
Vox Royalty Stock Performance
Vox Royalty (NASDAQ:VOXR – Get Free Report) last issued its 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 net margin of 246.96% and a return on equity of 13.41%. The business had revenue of $16.04 million during the quarter, compared to analysts’ expectations of $7.72 million. As a group, research analysts predict that Vox Royalty will post 0.2 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Vox Royalty
Hedge funds and other institutional investors have recently made changes to their positions in the business. Ashford Capital Management Inc. increased its holdings in Vox Royalty by 13.8% during the first quarter. Ashford Capital Management Inc. now owns 3,586,900 shares of the company’s stock valued at $18,795,000 after buying an additional 434,530 shares during the last quarter. McAlvany Wealth Management LLC boosted its stake in shares of Vox Royalty by 33.5% during the 1st quarter. McAlvany Wealth Management LLC now owns 733,415 shares of the company’s stock worth $3,513,000 after acquiring an additional 184,002 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of Vox Royalty by 217.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 349,070 shares of the company’s stock worth $1,508,000 after acquiring an additional 238,979 shares during the last quarter. Hodges Capital Management Inc. boosted its stake in shares of Vox Royalty by 15.3% during the 1st quarter. Hodges Capital Management Inc. now owns 609,600 shares of the company’s stock worth $3,194,000 after acquiring an additional 81,000 shares during the last quarter. Finally, Cibc World Market Inc. bought a new stake in shares of Vox Royalty during the 2nd quarter valued at $690,000. Hedge funds and other institutional investors own 45.95% of the company’s stock.
About Vox Royalty
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.
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