Vox Royalty (NASDAQ:VOXR) Downgraded to Strong Sell Rating by Zacks Research

Vox Royalty (NASDAQ:VOXR) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday,Zacks.com reports.

A number of other equities analysts have also commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Vox Royalty in a report on Friday, March 27th. Wall Street Zen cut Vox Royalty from a “buy” rating to a “hold” rating in a research note on Saturday. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Vox Royalty Trading Up 0.6%

NASDAQ VOXR opened at $5.28 on Monday. The company’s fifty day simple moving average is $5.47 and its 200-day simple moving average is $4.90. Vox Royalty has a 52 week low of $2.59 and a 52 week high of $6.59. The company has a current ratio of 3.35, a quick ratio of 3.35 and a debt-to-equity ratio of 0.12. The stock has a market cap of $363.74 million, a P/E ratio of 75.43 and a beta of 0.49.

Vox Royalty (NASDAQ:VOXR) last posted its earnings results on Monday, March 30th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.05). Vox Royalty had a return on equity of 0.84% and a net margin of 35.42%.The firm had revenue of $7.36 million for the quarter, compared to analyst estimates of $5.88 million. Equities research analysts predict that Vox Royalty will post -0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Vox Royalty

Institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC acquired a new stake in shares of Vox Royalty in the 4th quarter valued at about $50,000. ProShare Advisors LLC acquired a new stake in Vox Royalty during the fourth quarter valued at approximately $52,000. Hsbc Holdings PLC acquired a new stake in Vox Royalty during the fourth quarter valued at approximately $58,000. SG Americas Securities LLC acquired a new stake in Vox Royalty during the fourth quarter valued at approximately $61,000. Finally, BNP Paribas Financial Markets raised its stake in Vox Royalty by 160.2% during the third quarter. BNP Paribas Financial Markets now owns 13,313 shares of the company’s stock valued at $57,000 after buying an additional 8,196 shares in the last quarter. Institutional investors and hedge funds own 45.95% of the company’s stock.

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.