Cibc World Market Inc. Invests $690,000 in Vox Royalty Corp. $VOXR

Cibc World Market Inc. purchased a new position in Vox Royalty Corp. (NASDAQ:VOXR) during the 2nd quarter, HoldingsChannel reports. The firm purchased 146,100 shares of the company’s stock, valued at approximately $690,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VOXR. BlackRock Inc. bought a new position in Vox Royalty during the 2nd quarter worth $30,614,000. Ashford Capital Management Inc. bought a new stake in Vox Royalty in the third quarter valued at $10,997,000. McAlvany Wealth Management LLC acquired a new position in shares of Vox Royalty during the fourth quarter valued at $2,604,000. Geode Capital Management LLC acquired a new position in shares of Vox Royalty during the second quarter valued at $1,672,000. Finally, Alyeska Investment Group L.P. bought a new position in shares of Vox Royalty during the third quarter worth about $1,828,000. Institutional investors and hedge funds own 45.95% of the company’s stock.

Analyst Ratings Changes

VOXR has been the topic of a number of analyst reports. Wall Street Zen cut shares of Vox Royalty from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. BMO Capital Markets reissued an “outperform” rating on shares of Vox Royalty in a research note on Friday, May 15th. Zacks Research upgraded Vox Royalty from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Weiss Ratings downgraded Vox Royalty from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 17th. Finally, Roth Capital set a $7.75 price target on Vox Royalty in a research report on Tuesday, August 18th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Vox Royalty presently has a consensus rating of “Moderate Buy” and an average price target of $7.75.

Vox Royalty Price Performance

Vox Royalty stock opened at $5.76 on Friday. The firm has a 50 day simple moving average of $4.83 and a 200-day simple moving average of $5.31. The stock has a market capitalization of $400.04 million, a PE ratio of 8.60 and a beta of 0.53. Vox Royalty Corp. has a 12-month low of $3.39 and a 12-month high of $6.70.

Vox Royalty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be issued a $0.015 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.06 annualized dividend and a dividend yield of 1.0%. Vox Royalty’s dividend payout ratio is 8.96%.

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.