Vox Royalty Corp. (NASDAQ:VOXR) Stock Has Average Target Price of $8.00 According to Analysts

Vox Royalty Corp. (NASDAQ:VOXR) has been assigned a consensus rating of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $8.00.

VOXR has been the topic of several research reports. Wall Street Zen lowered Vox Royalty from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Roth Capital reiterated a “buy” rating and issued a $8.00 price objective (up from $7.75) on shares of Vox Royalty in a research report on Thursday, September 3rd. National Bank Financial assumed coverage on shares of Vox Royalty in a research report on Thursday, October 8th. They issued an “outperform” rating on the stock. Finally, Weiss Ratings raised shares of Vox Royalty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, October 26th.

Vox Royalty Stock Up 0.4%

Shares of VOXR stock opened at $4.92 on Monday. The stock’s fifty day simple moving average is $5.21 and its 200 day simple moving average is $5.28. The firm has a market capitalization of $342.04 million, a P/E ratio of 21.23 and a beta of 0.63. Vox Royalty has a twelve month low of $3.81 and a twelve month high of $6.70.

Vox Royalty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th were paid a $0.0150 dividend. This represents a $0.06 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Wednesday, September 30th. Vox Royalty’s payout ratio is presently 8.96%.

Institutional Trading of Vox Royalty

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc purchased a new stake in shares of Vox Royalty during the second quarter worth approximately $30,000. Caitlin John LLC bought a new stake in Vox Royalty during the 2nd quarter valued at approximately $31,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Vox Royalty during the second quarter valued at $51,000. Essential Investment Partners LLC lifted its stake in Vox Royalty by 132.1% in the 3rd quarter. Essential Investment Partners LLC now owns 12,895 shares of the company’s stock valued at $65,000 after purchasing an additional 7,340 shares during the last quarter. Finally, Rathbones Group PLC acquired a new position in Vox Royalty in the 1st quarter worth about $69,000. Institutional investors and hedge funds own 45.95% of the company’s stock.

About Vox Royalty

Vox Royalty Corp. is a precious metals royalty and streaming company that acquires and manages royalty interests tied to mining projects. Rather than operating mines directly, Vox provides capital or acquires existing royalty interests in exchange for the right to receive a portion of future production or revenue from qualifying mineral assets.

The company’s portfolio is focused primarily on precious metals, including gold and silver, and may also include royalties related to other minerals.