146,100 Shares in Vox Royalty Corp. $VOXR Purchased by Cibc World Market Inc.

Cibc World Market Inc. purchased a new stake in Vox Royalty Corp. (NASDAQ:VOXR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 146,100 shares of the company’s stock, valued at approximately $690,000. Cibc World Market Inc. owned about 0.21% of Vox Royalty as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. K2 Principal Fund L.P. purchased a new position in shares of Vox Royalty during the 2nd quarter valued at approximately $1,294,000. Ashford Capital Management Inc. increased its stake in shares of Vox Royalty by 13.8% in the first quarter. Ashford Capital Management Inc. now owns 3,586,900 shares of the company’s stock worth $18,795,000 after buying an additional 434,530 shares during the last quarter. McAlvany Wealth Management LLC increased its stake in shares of Vox Royalty by 33.5% in the first quarter. McAlvany Wealth Management LLC now owns 733,415 shares of the company’s stock worth $3,513,000 after buying an additional 184,002 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in Vox Royalty by 217.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 349,070 shares of the company’s stock valued at $1,508,000 after acquiring an additional 238,979 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Vox Royalty in the second quarter valued at $615,000. Institutional investors and hedge funds own 45.95% of the company’s stock.

Vox Royalty Price Performance

VOXR stock opened at $5.76 on Friday. Vox Royalty Corp. has a 1-year low of $3.39 and a 1-year high of $6.70. The firm has a fifty day moving average price of $4.83 and a two-hundred day moving average price of $5.31. The firm has a market cap of $400.04 million, a price-to-earnings ratio of 8.60 and a beta of 0.53.

Vox Royalty Announces Dividend

The firm also recently declared 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 of this dividend is Wednesday, September 30th. This represents a $0.06 annualized dividend and a dividend yield of 1.0%. Vox Royalty’s payout ratio is 8.96%.

Analysts Set New Price Targets

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