Zacks Research Upgrades Vox Royalty (NASDAQ:VOXR) to “Hold”

Vox Royalty (NASDAQ:VOXR) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Several other analysts have also recently commented on the company. Weiss Ratings upgraded Vox Royalty from a “hold (c+)” rating to a “buy (b)” rating in a research report on Thursday, May 14th. BMO Capital Markets reiterated an “outperform” rating on shares of Vox Royalty in a research report on Friday, May 15th. Roth Mkm started coverage on Vox Royalty in a research report on Wednesday. They set a “buy” rating for the company. Finally, Wall Street Zen raised Vox Royalty from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Vox Royalty currently has an average rating of “Moderate Buy”.

Vox Royalty Stock Performance

Shares of VOXR opened at $5.71 on Monday. Vox Royalty has a one year low of $3.03 and a one year high of $6.70. The stock has a market capitalization of $393.42 million, a price-to-earnings ratio of 13.60 and a beta of 0.42. The stock has a 50 day moving average price of $5.57 and a 200 day moving average price of $5.31.

Vox Royalty (NASDAQ:VOXR) last issued its quarterly earnings results on Monday, March 30th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.05). Vox Royalty had a return on equity of 8.16% and a net margin of 190.73%.The firm had revenue of $7.36 million for the quarter, compared to analysts’ expectations of $5.88 million. On average, analysts predict that Vox Royalty will post 0.17 earnings per share for the current year.

Hedge Funds Weigh In On Vox Royalty

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewGen Asset Management Ltd acquired a new position in Vox Royalty during the third quarter worth $2,637,000. King Luther Capital Management Corp acquired a new position in shares of Vox Royalty in the 3rd quarter valued at $2,924,000. Hodges Capital Management Inc. acquired a new position in shares of Vox Royalty in the 3rd quarter valued at $1,962,000. Moon Capital Management LP acquired a new position in shares of Vox Royalty in the 3rd quarter valued at $774,000. Finally, Arbiter Partners Capital Management LLC acquired a new position in shares of Vox Royalty in the 3rd quarter valued at $103,000. Institutional investors and hedge funds 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.