Vox Royalty (NASDAQ:VOXR) Rating Lowered to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Vox Royalty from “strong buy” to “buy,” while the broader analyst consensus remains “Moderate Buy” with an $8.00 price target.
• VOXR shares opened at $5.04, up 1.4%, with a market capitalization of approximately $350 million and a 12-month trading range of $3.13 to $6.70.
• Vox Royalty exceeded quarterly expectations, reporting $0.34 in earnings per share versus a $0.06 estimate and revenue of $16.04 million versus $7.72 million expected; institutional ownership stands at 45.95%.

Vox Royalty (NASDAQ:VOXR - Get Free Report) was downgraded by Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued on Saturday.

Several other research firms have also weighed in on VOXR. Roth Capital restated a "buy" rating and set a $8.00 price target on shares of Vox Royalty in a research report on Monday, June 29th. Weiss Ratings lowered shares of Vox Royalty from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, July 17th. Zacks Research upgraded shares of Vox Royalty from a "strong sell" rating to a "hold" rating in a research note on Monday, June 1st. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Vox Royalty in a research report on Friday, May 15th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $8.00.

Vox Royalty Trading Up 1.4%

Shares of VOXR opened at $5.04 on Friday. The company has a market capitalization of $350.03 million, a price-to-earnings ratio of 12.00 and a beta of 0.53. The stock has a 50 day moving average of $4.78 and a 200 day moving average of $5.29. Vox Royalty has a 12 month low of $3.13 and a 12 month high of $6.70.

Vox Royalty (NASDAQ:VOXR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.28. Vox Royalty had a return on equity of 8.16% and a net margin of 190.73%.The business had revenue of $16.04 million for the quarter, compared to analysts' expectations of $7.72 million. As a group, equities research analysts predict that Vox Royalty will post 0.2 earnings per share for the current year.

Institutional Investors Weigh In On Vox Royalty

Institutional investors have recently added to or reduced their stakes in the business. K2 Principal Fund L.P. purchased a new position in shares of Vox Royalty in the second quarter worth about $1,294,000. NINE MASTS CAPITAL Ltd bought a new position in Vox Royalty in the 2nd quarter worth approximately $80,000. BlackRock Inc. bought a new position in Vox Royalty in the 2nd quarter worth approximately $30,614,000. Deutsche Bank AG purchased a new position in Vox Royalty in the 2nd quarter valued at approximately $294,000. Finally, Bank of New York Mellon Corp purchased a new position in Vox Royalty in the 2nd quarter valued at approximately $615,000. 45.95% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source