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

Key Points

• Analysts hold a Moderate Buy consensus on Vox Royalty, with four buy ratings and one hold rating. The average 12-month price target is $8.00, versus the stock’s reported $4.58 opening price.
• Institutional investors own approximately 45.95% of the company, with several funds increasing their positions during the second and third quarters.
• Vox Royalty recently paid a quarterly dividend of $0.015 per share, equivalent to an annualized $0.06 dividend and a 1.3% yield. The company acquires royalty and streaming interests tied primarily to gold and silver mining projects.

Vox Royalty Corp. (NASDAQ:VOXR - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the five analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $8.00.

A number of equities research analysts have weighed in on the company. National Bank Financial began coverage on Vox Royalty in a report on Thursday, October 8th. They issued an "outperform" rating on the stock. Wall Street Zen cut shares of Vox Royalty from a "buy" rating to a "hold" rating in a report on Sunday, August 16th. Roth Capital reissued a "buy" rating and set a $8.00 price objective (up from $7.75) on shares of Vox Royalty in a report on Thursday, September 3rd. Finally, Weiss Ratings raised shares of Vox Royalty from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, October 26th.

Institutional Trading of Vox Royalty

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Castleview Partners LLC lifted its holdings in shares of Vox Royalty by 19.8% during the third quarter. Castleview Partners LLC now owns 30,200 shares of the company's stock worth $152,000 after purchasing an additional 5,000 shares during the period. Legal & General Group Plc purchased a new position in Vox Royalty during the second quarter worth about $30,000. Caitlin John LLC purchased a new position in Vox Royalty during the second quarter worth $31,000. Essential Investment Partners LLC increased its stake in Vox Royalty by 132.1% during the third quarter. Essential Investment Partners LLC now owns 12,895 shares of the company's stock worth $65,000 after acquiring an additional 7,340 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in Vox Royalty by 73.7% in the third quarter. State of Alaska Department of Revenue now owns 23,562 shares of the company's stock valued at $118,000 after acquiring an additional 10,000 shares in the last quarter. Hedge funds and other institutional investors own 45.95% of the company's stock.

Vox Royalty Stock Performance

NASDAQ:VOXR opened at $4.58 on Monday. Vox Royalty has a one year low of $3.81 and a one year high of $6.70. The firm has a market cap of $318.40 million, a P/E ratio of 6.84 and a beta of 0.63. The firm has a 50-day simple moving average of $5.31 and a 200-day simple moving average of $5.29.

Vox Royalty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th were given a $0.0150 dividend. This represents a $0.06 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, September 30th. Vox Royalty's dividend payout ratio (DPR) is currently 8.96%.

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.

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