Vox Royalty’s (VOXR) Buy Rating Reiterated at Roth Capital

Roth Capital restated their buy rating on shares of Vox Royalty (NASDAQ:VOXR) in a report issued on Thursday morning,Benzinga reports. They currently have a $8.00 price objective on the stock, up from their previous price objective of $7.75.

Several other analysts also recently weighed in on the stock. 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 reaffirmed an “outperform” rating on shares of Vox Royalty in a report on Friday, May 15th. Wall Street Zen downgraded shares of Vox Royalty from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Finally, Weiss Ratings raised shares of Vox Royalty from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 31st. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.00.

Vox Royalty Stock Down 0.9%

Shares of Vox Royalty stock opened at $5.76 on Thursday. The firm has a market capitalization of $400.04 million, a P/E ratio of 8.60 and a beta of 0.57. The company has a 50 day moving average price of $4.90 and a 200 day moving average price of $5.32. Vox Royalty has a 52 week low of $3.44 and a 52 week high of $6.70.

Vox Royalty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be given a $0.015 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.06 dividend on an annualized basis and a yield of 1.0%. Vox Royalty’s dividend payout ratio is currently 8.96%.

Hedge Funds Weigh In On Vox Royalty

A number of institutional investors have recently bought and sold shares of the business. NINE MASTS CAPITAL Ltd acquired a new stake in Vox Royalty during the 2nd quarter valued at approximately $80,000. Papamarkou Wellner Asset Management inc. acquired a new stake in shares of Vox Royalty in the second quarter worth $510,000. Caitlin John LLC purchased a new position in shares of Vox Royalty during the second quarter worth $31,000. Bank of America Corp DE acquired a new position in Vox Royalty during the second quarter valued at $223,000. Finally, Ancora Advisors LLC acquired a new position in Vox Royalty during the second quarter valued at $1,138,000. 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.