Vox Royalty's (VOXR) "Buy" Rating Reiterated at Roth Capital

Key Points

• Roth Capital reaffirmed its “Buy” rating on Vox Royalty and raised its price target to $8.00 from $7.75, implying approximately 39.25% upside from the stock’s $5.75 price.
• Analyst sentiment remains favorable, with three analysts rating the stock a Buy and one assigning a Hold rating; MarketBeat reports an overall “Moderate Buy” consensus and an average $8.00 target.
• Vox Royalty shares rose 3.1% during Thursday trading, while institutional investors collectively own 45.95% of the company’s stock.

Vox Royalty (NASDAQ:VOXR - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at Roth Capital in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $8.00 price target on the stock, up from their prior price target of $7.75. Roth Capital's price objective suggests a potential upside of 39.25% from the company's current price.

Other equities analysts have also recently issued reports about the company. Zacks Research upgraded Vox Royalty from a "strong sell" rating to a "hold" rating in a report on Monday, June 1st. BMO Capital Markets reiterated an "outperform" rating on shares of Vox Royalty in a report on Friday, May 15th. Weiss Ratings upgraded Vox Royalty from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday. Finally, Wall Street Zen lowered Vox Royalty from a "buy" rating to a "hold" rating in a research report on Sunday, August 16th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $8.00.

Vox Royalty Trading Up 3.1%

NASDAQ:VOXR traded up $0.17 during trading hours on Thursday, hitting $5.75. 170,789 shares of the company were exchanged, compared to its average volume of 541,155. Vox Royalty has a one year low of $3.39 and a one year high of $6.70. The company has a fifty day simple moving average of $4.87 and a 200 day simple moving average of $5.31. The stock has a market capitalization of $399.00 million, a price-to-earnings ratio of 8.57 and a beta of 0.56.

Institutional Trading of Vox Royalty

Several institutional investors have recently made changes to their positions in the company. NINE MASTS CAPITAL Ltd bought a new position in shares of Vox Royalty during the second quarter valued at about $80,000. Papamarkou Wellner Asset Management inc. purchased a new stake in Vox Royalty in the 2nd quarter valued at about $510,000. Caitlin John LLC bought a new position in shares of Vox Royalty during the 2nd quarter worth approximately $31,000. Bank of America Corp DE bought a new position in shares of Vox Royalty during the 2nd quarter worth approximately $223,000. Finally, Ancora Advisors LLC purchased a new position in shares of Vox Royalty in the 2nd quarter worth approximately $1,138,000. Institutional investors own 45.95% of the company's stock.

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.

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