BlackRock Inc. Invests $30.61 Million in Vox Royalty Corp. $VOXR

Key Points

• BlackRock acquired 6.47 million Vox Royalty shares worth approximately $30.6 million, giving it a 9.32% stake. Institutional investors collectively own about 45.95% of the company.
• Analyst sentiment is generally positive: three analysts rate VOXR a Buy and one rates it Hold, producing a “Moderate Buy” consensus and an average price target of $7.75.
• VOXR opened at $5.36, with a market capitalization of approximately $372 million. Vox Royalty also declared a quarterly dividend of $0.015 per share, representing a 1.1% yield.

BlackRock Inc. acquired a new stake in shares of Vox Royalty Corp. (NASDAQ:VOXR - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 6,472,292 shares of the company's stock, valued at approximately $30,614,000. BlackRock Inc. owned approximately 9.32% of Vox Royalty as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of VOXR. Deutsche Bank AG bought a new position in Vox Royalty in the second quarter worth approximately $294,000. Bank of New York Mellon Corp bought a new stake in Vox Royalty during the 2nd quarter valued at $615,000. Oppenheimer Asset Management Inc. bought a new stake in Vox Royalty during the 2nd quarter valued at $51,000. Rathbones Group PLC purchased a new position in shares of Vox Royalty in the 1st quarter valued at $69,000. Finally, Ashford Capital Management Inc. increased its holdings in shares of Vox Royalty by 13.8% in the 1st quarter. Ashford Capital Management Inc. now owns 3,586,900 shares of the company's stock valued at $18,795,000 after acquiring an additional 434,530 shares during the period. 45.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VOXR. Weiss Ratings upgraded Vox Royalty from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday. BMO Capital Markets reiterated an "outperform" rating on shares of Vox Royalty in a research note on Friday, May 15th. Zacks Research upgraded shares of Vox Royalty from a "strong sell" rating to a "hold" rating in a report on Monday, June 1st. Roth Capital set a $7.75 target price on shares of Vox Royalty in a report on Tuesday, August 18th. Finally, Wall Street Zen lowered shares of Vox Royalty from a "buy" rating to a "hold" rating in a research report on Sunday, August 16th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Vox Royalty currently has an average rating of "Moderate Buy" and an average target price of $7.75.

Vox Royalty Trading Down 2.4%

NASDAQ:VOXR opened at $5.36 on Wednesday. Vox Royalty Corp. has a 12 month low of $3.39 and a 12 month high of $6.70. The firm has a fifty day simple moving average of $4.85 and a 200-day simple moving average of $5.31. The company has a market capitalization of $372.25 million, a P/E ratio of 8.00 and a beta of 0.56.

Vox Royalty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, September 30th. Vox Royalty's payout ratio is presently 8.96%.

Vox Royalty 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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