Vox Royalty (NASDAQ:VOXR) Earns “Buy” Rating from Roth Capital

Vox Royalty (NASDAQ:VOXR)‘s stock had its “buy” rating reiterated by equities researchers at Roth Capital in a report issued on Thursday, Benzinga reports. They presently have a $8.00 target price on the stock, up from their previous target price of $7.75. Roth Capital’s price target would indicate a potential upside of 39.25% from the stock’s previous close.

A number of other equities research analysts have also recently commented on VOXR. Weiss Ratings raised shares of Vox Royalty from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Wall Street Zen downgraded Vox Royalty from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Zacks Research upgraded Vox Royalty from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Vox Royalty in a research report on Friday, May 15th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $8.00.

Vox Royalty Stock Up 3.1%

VOXR traded up $0.17 during trading on Thursday, hitting $5.75. 170,789 shares of the company traded hands, compared to its average volume of 541,155. The firm has a market cap of $399.00 million, a P/E ratio of 8.57 and a beta of 0.56. Vox Royalty has a one year low of $3.39 and a one year high of $6.70. The stock’s fifty day moving average is $4.87 and its 200 day moving average is $5.31.

Hedge Funds Weigh In On Vox Royalty

A number of large investors have recently made changes to their positions in the stock. Banque Cantonale Vaudoise bought a new position in Vox Royalty in the 1st quarter worth about $32,000. Legal & General Group Plc bought a new position in shares of Vox Royalty in the second quarter valued at approximately $30,000. Caitlin John LLC purchased a new position in Vox Royalty during the second quarter valued at approximately $31,000. AQR Capital Management LLC bought a new stake in Vox Royalty during the 4th quarter worth approximately $50,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Vox Royalty in the 2nd quarter worth approximately $51,000. 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.