Vox Royalty (NASDAQ:VOXR) Releases Earnings Results, Beats Estimates By $0.28 EPS

Vox Royalty (NASDAQ:VOXR) issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.28, FiscalAI reports. Vox Royalty had a net margin of 190.73% and a return on equity of 8.16%. The business had revenue of $16.04 million for the quarter, compared to analysts’ expectations of $7.72 million.

Vox Royalty Trading Up 3.0%

Shares of VOXR traded up $0.14 during midday trading on Thursday, hitting $4.87. The stock had a trading volume of 655,326 shares, compared to its average volume of 578,166. The business has a 50-day simple moving average of $5.49 and a two-hundred day simple moving average of $5.38. The firm has a market cap of $335.54 million, a P/E ratio of 11.60 and a beta of 0.51. Vox Royalty has a fifty-two week low of $3.04 and a fifty-two week high of $6.70.

Vox Royalty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.015 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.06 dividend on an annualized basis and a yield of 1.2%. Vox Royalty’s dividend payout ratio is currently 14.29%.

Institutional Investors Weigh In On Vox Royalty

Several hedge funds have recently made changes to their positions in the company. New York State Common Retirement Fund bought a new position in shares of Vox Royalty during the 2nd quarter valued at $97,000. Royal Bank of Canada increased its position in Vox Royalty by 10.4% during the fourth quarter. Royal Bank of Canada now owns 20,119 shares of the company’s stock worth $95,000 after buying an additional 1,893 shares during the last quarter. Intech Investment Management LLC raised its holdings in Vox Royalty by 11.0% during the fourth quarter. Intech Investment Management LLC now owns 19,539 shares of the company’s stock valued at $93,000 after buying an additional 1,943 shares in the last quarter. Jane Street Group LLC bought a new position in Vox Royalty during the second quarter valued at about $91,000. Finally, Invesco Ltd. acquired a new stake in shares of Vox Royalty in the second quarter worth about $89,000. Hedge funds and other institutional investors own 45.95% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on VOXR shares. Roth Mkm restated a “buy” rating and set a $8.00 price objective on shares of Vox Royalty in a research report on Monday. Zacks Research raised shares of Vox Royalty from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Weiss Ratings cut shares of Vox Royalty from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 5th. Wall Street Zen upgraded shares of Vox Royalty from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Vox Royalty in a report on Friday, May 15th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.00.

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.