Vox Royalty’s (VOXR) Buy Rating Reiterated at Roth Mkm

Vox Royalty (NASDAQ:VOXR)‘s stock had its “buy” rating restated by analysts at Roth Mkm in a research note issued to investors on Monday,Benzinga reports. They presently have a $8.00 price objective on the stock. Roth Mkm’s price objective would suggest a potential upside of 67.54% from the stock’s previous close.

VOXR has been the subject of a number of other research reports. BMO Capital Markets reissued an “outperform” rating on shares of Vox Royalty in a report on Friday, May 15th. Weiss Ratings cut shares of Vox Royalty from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 5th. Wall Street Zen upgraded shares of Vox Royalty from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. Finally, Zacks Research raised shares of Vox Royalty from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $8.00.

Vox Royalty Stock Down 2.9%

Shares of Vox Royalty stock traded down $0.14 on Monday, hitting $4.78. The stock had a trading volume of 147,888 shares, compared to its average volume of 576,688. The stock has a market cap of $329.00 million, a price-to-earnings ratio of 11.36 and a beta of 0.41. Vox Royalty has a twelve month low of $3.03 and a twelve month high of $6.70. The business’s 50 day moving average is $5.54 and its two-hundred day moving average is $5.39.

Vox Royalty (NASDAQ:VOXR) last released its quarterly earnings results on Monday, March 30th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.05). Vox Royalty had a return on equity of 8.16% and a net margin of 190.73%.The firm had revenue of $7.36 million for the quarter, compared to analyst estimates of $5.88 million. As a group, equities analysts predict that Vox Royalty will post 0.2 earnings per share for the current fiscal year.

Institutional Trading of Vox Royalty

Large investors have recently made changes to their positions in the company. Royal Bank of Canada raised its position in Vox Royalty by 10.4% during the fourth quarter. Royal Bank of Canada now owns 20,119 shares of the company’s stock valued at $95,000 after purchasing an additional 1,893 shares in the last quarter. Intech Investment Management LLC boosted its holdings in shares of Vox Royalty by 11.0% in the 4th quarter. Intech Investment Management LLC now owns 19,539 shares of the company’s stock valued at $93,000 after purchasing an additional 1,943 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of Vox Royalty by 34.3% in the 4th quarter. Stratos Wealth Partners LTD. now owns 19,608 shares of the company’s stock valued at $93,000 after purchasing an additional 5,013 shares during the last quarter. Invesco Ltd. increased its stake in shares of Vox Royalty by 17.7% in the 4th quarter. Invesco Ltd. now owns 33,333 shares of the company’s stock valued at $158,000 after purchasing an additional 5,016 shares during the last quarter. Finally, National Bank of Canada FI raised its holdings in shares of Vox Royalty by 19.6% during the 3rd quarter. National Bank of Canada FI now owns 34,574 shares of the company’s stock worth $137,000 after buying an additional 5,664 shares in the last quarter. Institutional investors and hedge funds own 45.95% of the company’s stock.

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.