Vox Royalty Corp. (NASDAQ:VOXR) Stock Now Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Analyst sentiment is moderately bullish: Four of five covering firms rate Vox Royalty a buy, while one recommends holding the stock. The average 12-month price target is $8.00, compared with a recent share price of $5.08.
• Institutional ownership has increased: BlackRock initiated a roughly $30.6 million position, while several other investment managers expanded their stakes. Institutions collectively own 45.95% of Vox Royalty.
• Vox Royalty declared a quarterly dividend of $0.015 per share, equivalent to $0.06 annually and a 1.2% yield. The company’s shares have traded between $3.81 and $6.70 over the past year.

Shares of Vox Royalty Corp. (NASDAQ:VOXR - Get Free Report) have received an average recommendation of "Moderate Buy" from the five ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $8.00.

Several equities analysts have commented on the company. Weiss Ratings upgraded Vox Royalty from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 31st. National Bank Financial initiated coverage on shares of Vox Royalty in a research note on Thursday. They issued an "outperform" rating on the stock. Roth Capital restated a "buy" rating and set a $8.00 price target (up from $7.75) on shares of Vox Royalty in a report on Thursday, September 3rd. Finally, Wall Street Zen downgraded Vox Royalty from a "buy" rating to a "hold" rating in a research report on Sunday, August 16th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Vox Royalty in the second quarter valued at approximately $30,614,000. Ashford Capital Management Inc. increased its position in Vox Royalty by 13.8% during the first quarter. Ashford Capital Management Inc. now owns 3,586,900 shares of the company's stock worth $18,795,000 after acquiring an additional 434,530 shares during the period. U S Global Investors Inc. raised its stake in Vox Royalty by 6.4% during the 1st quarter. U S Global Investors Inc. now owns 1,662,000 shares of the company's stock valued at $8,709,000 after purchasing an additional 100,000 shares during the last quarter. McAlvany Wealth Management LLC raised its stake in Vox Royalty by 33.5% during the 1st quarter. McAlvany Wealth Management LLC now owns 733,415 shares of the company's stock valued at $3,513,000 after purchasing an additional 184,002 shares during the last quarter. Finally, Hodges Capital Management Inc. lifted its stake in shares of Vox Royalty by 15.3% in the first quarter. Hodges Capital Management Inc. now owns 609,600 shares of the company's stock valued at $3,194,000 after buying an additional 81,000 shares during the period. 45.95% of the stock is owned by institutional investors.

Vox Royalty Stock Performance

Shares of NASDAQ VOXR traded up $0.07 during mid-day trading on Thursday, reaching $5.08. 455,638 shares of the company traded hands, compared to its average volume of 530,099. The company's fifty day moving average is $5.36 and its two-hundred day moving average is $5.26. Vox Royalty has a fifty-two week low of $3.81 and a fifty-two week high of $6.70. The stock has a market cap of $353.06 million, a PE ratio of 7.58 and a beta of 0.60.

Vox Royalty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.0150 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.06 annualized dividend and a yield of 1.2%. Vox Royalty's dividend payout ratio is presently 8.96%.

Vox Royalty Company Profile

Vox Royalty Corp. is a mining-focused royalty and streaming company that provides capital to mineral developers and operators in exchange for future payments or production interests. Rather than owning and operating mines directly, the company builds a portfolio of royalty, stream, and other interests tied to the exploration, development, and production of mineral assets.

Its portfolio is focused primarily on precious and base metals, including gold, silver, copper, and other industrial commodities.

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