Ancora Advisors LLC Purchases Shares of 240,637 Vox Royalty Corp. $VOXR

Key Points

• Ancora Advisors LLC acquired 240,637 shares of Vox Royalty in the second quarter, valued at approximately $1.14 million and representing a 0.35% stake. Institutional investors and hedge funds collectively own 45.95% of the company.
• Vox Royalty shares opened at $5.76, with a market capitalization of about $400 million and a 52-week range of $3.39 to $6.70. The company also announced a quarterly dividend of $0.015 per share, equivalent to a 1.0% annualized yield.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $7.75, although several firms recently downgraded the stock to “Hold.”

Ancora Advisors LLC acquired a new stake in shares of Vox Royalty Corp. (NASDAQ:VOXR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 240,637 shares of the company's stock, valued at approximately $1,138,000. Ancora Advisors LLC owned 0.35% of Vox Royalty as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Legal & General Group Plc purchased a new position in shares of Vox Royalty in the 2nd quarter worth about $30,000. Banque Cantonale Vaudoise purchased a new stake in shares of Vox Royalty during the 1st quarter worth about $32,000. AQR Capital Management LLC purchased a new stake in shares of Vox Royalty during the 4th quarter worth about $50,000. Oppenheimer Asset Management Inc. acquired a new stake in Vox Royalty during the 2nd quarter worth approximately $51,000. Finally, ProShare Advisors LLC acquired a new stake in Vox Royalty during the 4th quarter worth approximately $52,000. 45.95% of the stock is currently owned by institutional investors and hedge funds.

Vox Royalty Price Performance

Shares of NASDAQ VOXR opened at $5.76 on Friday. The firm has a market capitalization of $400.04 million, a PE ratio of 8.60 and a beta of 0.53. Vox Royalty Corp. has a 1-year low of $3.39 and a 1-year high of $6.70. The business's fifty day moving average price is $4.83 and its two-hundred day moving average price is $5.31.

Vox Royalty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be given a $0.015 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.06 annualized dividend and a yield of 1.0%. Vox Royalty's dividend payout ratio is 8.96%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Wall Street Zen cut shares of Vox Royalty from a "buy" rating to a "hold" rating in a research report on Sunday, August 16th. Roth Capital set a $7.75 price objective on shares of Vox Royalty in a research report on Tuesday, August 18th. Weiss Ratings downgraded shares of Vox Royalty from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, July 17th. BMO Capital Markets restated an "outperform" rating on shares of Vox Royalty in a report on Friday, May 15th. 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. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Vox Royalty has a consensus rating of "Moderate Buy" and an average target price of $7.75.

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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