Vox Royalty (NASDAQ:VOXR) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Vox Royalty (NASDAQ:VOXR) posted its quarterly earnings data on Wednesday. The company reported $0.09 earnings per share (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 Up 1.6%

VOXR stock traded up $0.10 during midday trading on Wednesday, reaching $6.28. 472,921 shares of the company were exchanged, compared to its average volume of 585,306. The company has a market cap of $432.70 million, a price-to-earnings ratio of 89.71 and a beta of 0.36. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.73 and a current ratio of 2.73. Vox Royalty has a 1-year low of $3.02 and a 1-year high of $6.59. The stock’s 50-day simple moving average is $5.53 and its 200 day simple moving average is $5.12.

Vox Royalty Announces Dividend

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

Analysts Set New Price Targets

Several research firms recently commented on VOXR. Zacks Research cut Vox Royalty from a “hold” rating to a “strong sell” rating in a research note on Monday, April 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Vox Royalty in a research note on Friday, March 27th. Finally, Wall Street Zen cut Vox Royalty from a “buy” rating to a “hold” rating in a research note on Sunday. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Institutional Trading of Vox Royalty

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in shares of Vox Royalty by 10.4% in the 4th quarter. Royal Bank of Canada now owns 20,119 shares of the company’s stock valued at $95,000 after purchasing an additional 1,893 shares during the last quarter. Intech Investment Management LLC lifted its holdings in shares of Vox Royalty by 11.0% in the 4th quarter. Intech Investment Management LLC now owns 19,539 shares of the company’s stock valued at $93,000 after purchasing an additional 1,943 shares during the last quarter. Invesco Ltd. lifted 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 valued at $158,000 after purchasing an additional 5,016 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of Vox Royalty by 19.6% in the 3rd quarter. National Bank of Canada FI now owns 34,574 shares of the company’s stock valued at $137,000 after purchasing an additional 5,664 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of Vox Royalty by 64.3% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 16,015 shares of the company’s stock valued at $76,000 after purchasing an additional 6,268 shares during the last quarter. 45.95% of the stock is owned by hedge funds and other institutional investors.

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.