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

Key Points

• Wall Street Zen downgraded Vox Royalty from “Buy” to “Hold,” while analyst opinions remain mixed. MarketBeat’s consensus rating is “Moderate Buy,” with an average price target of $8.00.
• VOXR shares opened at $5.21, with a market capitalization of approximately $361.84 million and a 52-week range of $3.13 to $6.70.
• Vox Royalty reported quarterly EPS of $0.34, substantially above the $0.06 consensus estimate, and revenue of $16.04 million versus expectations of $7.72 million. Institutional investors own approximately 45.95% of the company’s stock.

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

Other analysts have also recently issued research reports about the company. Weiss Ratings cut Vox Royalty from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, July 17th. Zacks Research raised Vox Royalty from a "strong sell" rating to a "hold" rating in a report on Monday, June 1st. BMO Capital Markets restated an "outperform" rating on shares of Vox Royalty in a research report on Friday, May 15th. Finally, Roth Capital reaffirmed a "buy" rating and issued a $8.00 target price on shares of Vox Royalty in a research note on Monday, June 29th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $8.00.

Vox Royalty Stock Down 2.6%

Shares of VOXR stock opened at $5.21 on Friday. The firm has a market capitalization of $361.84 million, a P/E ratio of 7.78 and a beta of 0.53. Vox Royalty has a twelve month low of $3.13 and a twelve month high of $6.70. The stock's fifty day simple moving average is $4.74 and its 200 day simple moving average is $5.29.

Vox Royalty (NASDAQ:VOXR - Get Free Report) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.28. Vox Royalty had a return on equity of 13.41% and a net margin of 246.96%.The company had revenue of $16.04 million for the quarter, compared to the consensus estimate of $7.72 million. As a group, equities research analysts expect that Vox Royalty will post 0.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Vox Royalty

A number of large investors have recently added to or reduced their stakes in VOXR. Legal & General Group Plc purchased a new position in Vox Royalty during the 2nd quarter valued at about $30,000. Banque Cantonale Vaudoise purchased a new stake in Vox Royalty in the first quarter worth $32,000. AQR Capital Management LLC purchased a new stake in Vox Royalty in the fourth quarter worth $50,000. Oppenheimer Asset Management Inc. bought a new position in Vox Royalty in the second quarter worth $51,000. Finally, ProShare Advisors LLC bought a new position in Vox Royalty in the fourth quarter worth $52,000. Hedge funds and other institutional investors own 45.95% of the company's stock.

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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