Sanders Morris Harris LLC bought a new stake in Vox Royalty Corp. (NASDAQ:VOXR – Free Report) in the 3rd quarter, HoldingsChannel reports. The fund bought 1,207,097 shares of the company’s stock, valued at approximately $6,567,000.
Several other hedge funds also recently added to or reduced their stakes in the business. Castleview Partners LLC raised its position in shares of Vox Royalty by 19.8% in the 3rd quarter. Castleview Partners LLC now owns 30,200 shares of the company’s stock valued at $152,000 after purchasing an additional 5,000 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of Vox Royalty in the 1st quarter valued at $32,000. Legal & General Group Plc acquired a new stake in Vox Royalty during the 2nd quarter worth about $30,000. Caitlin John LLC acquired a new position in shares of Vox Royalty in the second quarter valued at about $31,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Vox Royalty during the second quarter worth about $51,000. 45.95% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on VOXR shares. Roth Capital reiterated a “buy” rating and issued a $8.00 price objective (up from $7.75) on shares of Vox Royalty in a research note on Thursday, September 3rd. Weiss Ratings upgraded Vox Royalty from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 31st. Wall Street Zen lowered shares of Vox Royalty from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Finally, National Bank Financial started coverage on Vox Royalty in a research report on Thursday, October 8th. They issued an “outperform” rating on the stock. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Vox Royalty presently has an average rating of “Moderate Buy” and a consensus target price of $8.00.
Vox Royalty Stock Down 3.1%
Vox Royalty stock traded down $0.15 during mid-day trading on Wednesday, hitting $4.73. The company had a trading volume of 766,081 shares, compared to its average volume of 529,705. Vox Royalty Corp. has a 1 year low of $3.81 and a 1 year high of $6.70. The business has a fifty day moving average of $5.40 and a 200 day moving average of $5.26. The stock has a market cap of $328.83 million, a price-to-earnings ratio of 7.06 and a beta of 0.60.
Vox Royalty Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.0150 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.06 annualized dividend and a yield of 1.3%. Vox Royalty’s payout ratio is 8.96%.
About Vox Royalty
Vox Royalty Corp. is a mining-focused royalty and streaming company that provides capital to mineral developers and operators in exchange for future payments or production interests. Rather than owning and operating mines directly, the company builds a portfolio of royalty, stream, and other interests tied to the exploration, development, and production of mineral assets.
Its portfolio is focused primarily on precious and base metals, including gold, silver, copper, and other industrial commodities.
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