Vox Royalty (NASDAQ:VOXR) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Vox Royalty (NASDAQ:VOXR) from a buy rating to a hold rating in a research report sent to investors on Sunday morning.

Other analysts also recently issued reports about the stock. BMO Capital Markets reiterated an “outperform” rating on shares of Vox Royalty in a research report on Friday, May 15th. Weiss Ratings cut shares of Vox Royalty from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 17th. Zacks Research raised shares of Vox Royalty from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Finally, Roth Capital reiterated a “buy” rating and issued a $8.00 target price on shares of Vox Royalty in a report on Monday, June 29th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $7.75.

Vox Royalty Trading Down 3.8%

NASDAQ VOXR opened at $5.12 on Friday. Vox Royalty has a 12 month low of $3.13 and a 12 month high of $6.70. The company has a market capitalization of $355.59 million, a PE ratio of 7.64 and a beta of 0.53. The stock has a 50-day simple moving average of $4.75 and a 200 day simple moving average of $5.29.

Vox Royalty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, September 30th. Vox Royalty’s dividend payout ratio is presently 8.96%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada lifted its position in 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 acquiring an additional 1,893 shares in the last quarter. Intech Investment Management LLC increased its holdings in Vox Royalty by 11.0% during the 4th quarter. Intech Investment Management LLC now owns 19,539 shares of the company’s stock worth $93,000 after purchasing an additional 1,943 shares in the last quarter. Invesco Ltd. increased its holdings in Vox Royalty by 17.7% during the 4th quarter. Invesco Ltd. now owns 33,333 shares of the company’s stock worth $158,000 after purchasing an additional 5,016 shares in the last quarter. National Bank of Canada FI raised its stake 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 period. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Vox Royalty in the 1st quarter valued at about $32,000. Institutional investors 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.