Bank of America Corp DE Has $303,000 Stake in Vox Royalty Corp. $VOXR

Key Points

• Bank of America reduced its Vox Royalty stake by 86% in the first quarter, selling 356,634 shares and retaining 57,828 shares valued at approximately $303,000.
• Institutional investors own 45.95% of VOXR, while several funds recently initiated or increased positions. Analysts maintain a “Moderate Buy” consensus with an $8.00 price target.
• Vox Royalty shares recently opened at $5.74, and the company declared a quarterly dividend of $0.015 per share, equating to an annualized dividend of $0.06 and a 1.0% yield.

Bank of America Corp DE lowered its stake in Vox Royalty Corp. (NASDAQ:VOXR - Free Report) by 86.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,828 shares of the company's stock after selling 356,634 shares during the quarter. Bank of America Corp DE owned approximately 0.08% of Vox Royalty worth $303,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in VOXR. Banque Cantonale Vaudoise acquired a new position in Vox Royalty during the 1st quarter worth approximately $32,000. AQR Capital Management LLC acquired a new stake in Vox Royalty in the fourth quarter valued at approximately $50,000. ProShare Advisors LLC bought a new stake in shares of Vox Royalty during the fourth quarter worth $52,000. XTX Topco Ltd bought a new stake in shares of Vox Royalty during the second quarter worth $56,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Vox Royalty by 160.2% during the third quarter. BNP Paribas Financial Markets now owns 13,313 shares of the company's stock worth $57,000 after buying an additional 8,196 shares in the last quarter. 45.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on VOXR. Wall Street Zen cut Vox Royalty from a "buy" rating to a "hold" rating in a research note on Sunday, August 16th. Roth Capital restated a "buy" rating and set a $8.00 price objective (up from $7.75) on shares of Vox Royalty in a research report on Thursday, September 3rd. Weiss Ratings raised Vox Royalty from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 31st. Zacks Research upgraded Vox Royalty from a "strong sell" rating to a "hold" rating in a research report on Monday, June 1st. Finally, BMO Capital Markets reissued 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's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $8.00.

Vox Royalty Price Performance

Shares of VOXR opened at $5.74 on Friday. The business has a 50-day moving average of $4.98 and a 200-day moving average of $5.33. The company has a market capitalization of $398.64 million, a price-to-earnings ratio of 8.57 and a beta of 0.57. Vox Royalty Corp. has a 1 year low of $3.44 and a 1 year high of $6.70.

Vox Royalty Announces Dividend

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

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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