Vox Royalty (NASDAQ:VOXR) Issues Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Vox Royalty (NASDAQ:VOXR) announced its earnings results on Wednesday. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.03, Zacks reports. Vox Royalty had a net margin of 35.42% and a return on equity of 0.71%.

Vox Royalty Trading Up 1.6%

NASDAQ VOXR traded up $0.10 during trading on Wednesday, hitting $6.28. 472,921 shares of the company’s stock traded hands, compared to its average volume of 312,274. The stock has a fifty day moving average of $5.53 and a two-hundred day moving average of $5.13. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.73 and a current ratio of 2.73. Vox Royalty has a 12-month low of $3.02 and a 12-month high of $6.59.

Vox Royalty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 1.0%. The ex-dividend date was Tuesday, March 31st. Vox Royalty’s dividend payout ratio is presently 85.71%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on VOXR shares. Wall Street Zen lowered shares of Vox Royalty from a “buy” rating to a “hold” rating in a research report on Sunday. Weiss Ratings restated a “hold (c)” rating on shares of Vox Royalty in a research report on Friday, March 27th. Finally, Zacks Research lowered shares of Vox Royalty from a “hold” rating to a “strong sell” rating in a research report on Monday, April 6th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce”.

Institutional Trading of Vox Royalty

Several large investors have recently modified their holdings of the business. Ashford Capital Management Inc. bought a new position in Vox Royalty during the 3rd quarter valued at approximately $10,997,000. Geode Capital Management LLC lifted its holdings in Vox Royalty by 36.7% in the 4th quarter. Geode Capital Management LLC now owns 733,661 shares of the company’s stock worth $3,478,000 after buying an additional 197,117 shares during the period. Walleye Capital LLC lifted its holdings in Vox Royalty by 85.5% in the 4th quarter. Walleye Capital LLC now owns 691,536 shares of the company’s stock worth $3,278,000 after buying an additional 318,762 shares during the period. State Street Corp lifted its holdings in Vox Royalty by 92.2% in the 4th quarter. State Street Corp now owns 556,316 shares of the company’s stock worth $2,644,000 after buying an additional 266,938 shares during the period. Finally, Alyeska Investment Group L.P. purchased a new stake in Vox Royalty in the 3rd quarter worth approximately $1,828,000. 45.95% of the stock is owned by institutional investors.

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.