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

Wall Street Zen lowered shares of Vox Royalty (NASDAQ:VOXR) from a buy rating to a hold rating in a report issued on Saturday morning.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Vox Royalty in a report on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Vox Royalty presently has a consensus rating of “Hold”.

Vox Royalty Stock Down 0.2%

NASDAQ:VOXR opened at $5.25 on Friday. The company has a market capitalization of $361.70 million, a price-to-earnings ratio of 75.00 and a beta of 0.49. Vox Royalty has a one year low of $2.56 and a one year high of $6.59. The stock has a 50-day simple moving average of $5.48 and a 200 day simple moving average of $4.89. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.35 and a current ratio of 3.35.

Vox Royalty (NASDAQ:VOXR) last issued its earnings results on Monday, March 30th. The company reported $0.01 earnings per share (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 business had revenue of $7.36 million during the quarter, compared to the consensus estimate of $5.88 million. Sell-side analysts predict that Vox Royalty will post -0.01 EPS for the current fiscal year.

Vox Royalty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st will be issued a $0.015 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.06 dividend on an annualized basis and a yield of 1.1%. Vox Royalty’s dividend payout ratio (DPR) is currently 85.71%.

Hedge Funds Weigh In On Vox Royalty

A number of large investors have recently bought and sold shares of the business. ORG Partners LLC raised its holdings in shares of Vox Royalty by 1.4% during the third quarter. ORG Partners LLC now owns 12,131,435 shares of the company’s stock valued at $52,165,000 after buying an additional 169,949 shares during the last quarter. Ashford Capital Management Inc. raised its holdings in shares of Vox Royalty by 23.3% during the fourth quarter. Ashford Capital Management Inc. now owns 3,152,370 shares of the company’s stock valued at $14,942,000 after buying an additional 594,970 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Vox Royalty by 36.7% during the fourth quarter. Geode Capital Management LLC now owns 733,661 shares of the company’s stock valued at $3,478,000 after buying an additional 197,117 shares during the last quarter. Walleye Capital LLC raised its holdings in shares of Vox Royalty by 85.5% during the fourth quarter. Walleye Capital LLC now owns 691,536 shares of the company’s stock valued at $3,278,000 after buying an additional 318,762 shares during the last quarter. Finally, King Luther Capital Management Corp bought a new stake in shares of Vox Royalty during the third quarter valued at approximately $2,924,000. Institutional investors own 45.95% of the company’s stock.

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.