Manatuck Hill Partners LLC purchased a new stake in Vox Royalty Corp. (NASDAQ:VOXR – Free Report) in the second quarter, Holdings Channel.com reports. The fund purchased 160,000 shares of the company’s stock, valued at approximately $757,000.
Several other large investors have also bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of Vox Royalty in the 2nd quarter worth $30,614,000. Ashford Capital Management Inc. lifted its position in shares of Vox Royalty by 13.8% during the first quarter. Ashford Capital Management Inc. now owns 3,586,900 shares of the company’s stock valued at $18,795,000 after purchasing an additional 434,530 shares in the last quarter. U S Global Investors Inc. boosted its holdings in Vox Royalty by 6.4% during the first quarter. U S Global Investors Inc. now owns 1,662,000 shares of the company’s stock worth $8,709,000 after purchasing an additional 100,000 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Vox Royalty by 36.7% during the fourth quarter. Geode Capital Management LLC now owns 733,661 shares of the company’s stock worth $3,478,000 after purchasing an additional 197,117 shares during the last quarter. Finally, McAlvany Wealth Management LLC grew its position in Vox Royalty by 33.5% in the 1st quarter. McAlvany Wealth Management LLC now owns 733,415 shares of the company’s stock worth $3,513,000 after purchasing an additional 184,002 shares in the last quarter. 45.95% of the stock is currently owned by institutional investors.
Vox Royalty Stock Down 0.9%
Vox Royalty stock opened at $5.79 on Wednesday. Vox Royalty Corp. has a twelve month low of $3.39 and a twelve month high of $6.70. The firm has a 50 day moving average price of $4.81 and a 200-day moving average price of $5.30. The company has a market capitalization of $402.12 million, a P/E ratio of 8.64 and a beta of 0.53.
Vox Royalty Announces Dividend
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the stock. Zacks Research upgraded shares of Vox Royalty from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Wall Street Zen lowered Vox Royalty from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Vox Royalty in a research report on Friday, May 15th. Roth Capital set a $7.75 price target on Vox Royalty in a research report on Tuesday, August 18th. Finally, Weiss Ratings lowered Vox Royalty from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $7.75.
About Vox Royalty
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.
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