Vox Royalty (NASDAQ:VOXR) Stock Rating Lowered by Wall Street Zen

Vox Royalty (NASDAQ:VOXR) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

VOXR has been the topic of several other research reports. BMO Capital Markets restated an “outperform” rating on shares of Vox Royalty in a report on Friday, May 15th. Weiss Ratings downgraded shares of Vox Royalty from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 17th. Roth Capital reissued a “buy” rating and set a $8.00 price objective on shares of Vox Royalty in a report on Monday, June 29th. Finally, Zacks Research upgraded shares of Vox Royalty from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Vox Royalty has an average rating of “Moderate Buy” and an average target price of $8.00.

Vox Royalty Stock Performance

Shares of Vox Royalty stock opened at $5.04 on Friday. Vox Royalty has a 1-year low of $3.13 and a 1-year high of $6.70. The firm’s 50-day moving average price is $4.78 and its two-hundred day moving average price is $5.29. The stock has a market capitalization of $350.04 million, a price-to-earnings ratio of 12.00 and a beta of 0.53.

Vox Royalty (NASDAQ:VOXR) last announced its earnings results on Wednesday, May 13th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.06 by $0.28. Vox Royalty had a return on equity of 8.16% and a net margin of 190.73%.The business had revenue of $16.04 million for the quarter, compared to the consensus estimate of $7.72 million. As a group, equities research analysts predict that Vox Royalty will post 0.2 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Banque Cantonale Vaudoise acquired a new position in Vox Royalty in the first quarter valued at approximately $32,000. AQR Capital Management LLC bought a new stake in shares of Vox Royalty during the 4th quarter valued at $50,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Vox Royalty in the 2nd quarter valued at $51,000. ProShare Advisors LLC acquired a new position in shares of Vox Royalty in the 4th quarter valued at $52,000. Finally, Hsbc Holdings PLC bought a new position in shares of Vox Royalty in the 4th quarter worth $58,000. 45.95% of the stock is currently owned by institutional investors and hedge funds.

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.