Vox Royalty Corp. (NASDAQ:VOXR) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of Vox Royalty Corp. (NASDAQ:VOXR) have been assigned a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $8.00.

A number of research firms have weighed in on VOXR. Wall Street Zen downgraded shares of Vox Royalty from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Weiss Ratings raised shares of Vox Royalty from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 31st. Roth Capital reiterated a “buy” rating and set a $8.00 target price (up from $7.75) on shares of Vox Royalty in a research report on Thursday, September 3rd. Finally, National Bank Financial initiated coverage on shares of Vox Royalty in a research note on Thursday. They issued an “outperform” rating on the stock.

Vox Royalty Price Performance

Shares of VOXR traded up $0.07 on Thursday, reaching $5.08. 455,638 shares of the stock traded hands, compared to its average volume of 530,099. The stock’s 50-day moving average price is $5.36 and its 200-day moving average price is $5.26. The firm has a market cap of $353.06 million, a price-to-earnings ratio of 7.58 and a beta of 0.60. Vox Royalty has a 12 month low of $3.81 and a 12 month high of $6.70.

Vox Royalty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be given a dividend of $0.0150 per share. This represents a $0.06 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, September 30th. Vox Royalty’s dividend payout ratio (DPR) is 8.96%.

Institutional Trading of Vox Royalty

Several large investors have recently added to or reduced their stakes in VOXR. BlackRock Inc. bought a new position in shares of Vox Royalty in the second quarter valued at approximately $30,614,000. 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 valued at $18,795,000 after buying an additional 434,530 shares in the last quarter. U S Global Investors Inc. increased its stake in shares of Vox Royalty by 6.4% in the first quarter. U S Global Investors Inc. now owns 1,662,000 shares of the company’s stock valued at $8,709,000 after buying an additional 100,000 shares in the last quarter. McAlvany Wealth Management LLC raised its holdings 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 valued at $3,513,000 after buying an additional 184,002 shares during the last quarter. Finally, Hodges Capital Management Inc. grew its holdings in Vox Royalty by 15.3% during the 1st quarter. Hodges Capital Management Inc. now owns 609,600 shares of the company’s stock worth $3,194,000 after acquiring an additional 81,000 shares during the last quarter. 45.95% of the stock is owned by institutional investors.

Vox Royalty Company Profile

Vox Royalty Corp. is a mining-focused royalty and streaming company that provides capital to mineral developers and operators in exchange for future payments or production interests. Rather than owning and operating mines directly, the company builds a portfolio of royalty, stream, and other interests tied to the exploration, development, and production of mineral assets.

Its portfolio is focused primarily on precious and base metals, including gold, silver, copper, and other industrial commodities.