McAlvany Wealth Management LLC Invests $2.60 Million in Vox Royalty Corp. $VOXR

McAlvany Wealth Management LLC acquired a new stake in Vox Royalty Corp. (NASDAQ:VOXR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 549,413 shares of the company’s stock, valued at approximately $2,604,000. Vox Royalty makes up about 2.0% of McAlvany Wealth Management LLC’s holdings, making the stock its 17th biggest position. McAlvany Wealth Management LLC owned 0.80% of Vox Royalty as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of VOXR. Ashford Capital Management Inc. lifted its stake in Vox Royalty by 23.3% during the 4th quarter. Ashford Capital Management Inc. now owns 3,152,370 shares of the company’s stock worth $14,942,000 after acquiring an additional 594,970 shares in the last quarter. Geode Capital Management LLC increased its stake in Vox Royalty by 36.7% during the fourth quarter. Geode Capital Management LLC now owns 733,661 shares of the company’s stock worth $3,478,000 after purchasing an additional 197,117 shares during the period. Walleye Capital LLC increased its stake in Vox Royalty by 85.5% during the fourth quarter. Walleye Capital LLC now owns 691,536 shares of the company’s stock worth $3,278,000 after purchasing an additional 318,762 shares during the period. King Luther Capital Management Corp acquired a new stake in shares of Vox Royalty during the third quarter worth about $2,924,000. Finally, NewGen Asset Management Ltd acquired a new stake in shares of Vox Royalty during the third quarter worth about $2,637,000. Hedge funds and other institutional investors own 45.95% of the company’s stock.

Vox Royalty Price Performance

VOXR stock opened at $5.08 on Friday. The firm has a market capitalization of $350.01 million, a P/E ratio of 12.10 and a beta of 0.42. The business’s 50-day moving average is $5.61 and its two-hundred day moving average is $5.40. Vox Royalty Corp. has a 1 year low of $3.03 and a 1 year high of $6.70.

Vox Royalty (NASDAQ:VOXR) last announced its quarterly earnings data on Monday, March 30th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.05). Vox Royalty had a net margin of 190.73% and a return on equity of 8.16%. The company had revenue of $7.36 million during the quarter, compared to analysts’ expectations of $5.88 million. On average, analysts expect that Vox Royalty Corp. will post 0.2 EPS for the current year.

Vox Royalty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be paid a $0.015 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.06 dividend on an annualized basis and a yield of 1.2%. Vox Royalty’s payout ratio is currently 14.29%.

Analysts Set New Price Targets

VOXR has been the subject of several recent research reports. Zacks Research raised shares of Vox Royalty from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Wall Street Zen raised shares of Vox Royalty from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. Weiss Ratings lowered shares of Vox Royalty from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 5th. Roth Mkm began coverage on shares of Vox Royalty in a research report on Wednesday, June 3rd. They issued a “buy” rating and a $8.00 price target for the company. Finally, BMO Capital Markets restated an “outperform” rating on shares of Vox Royalty in a research note on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $8.00.

Vox Royalty Company Profile

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.