Vox Royalty (NASDAQ:VOXR) Stock Rating Upgraded by Weiss Ratings

Key Points

• Vox Royalty's stock rating was upgraded from a "sell (d+)" to a "hold (c-)" by Weiss Ratings, indicating a more favorable outlook for the company.
• The company reported a loss of ($0.01) earnings per share for the last quarter, missing analysts' estimates by ($0.02), with revenues of $2.77 million against expectations of $3.44 million.
• Institutional investors hold 45.95% of Vox Royalty's stock, with significant increases in holdings reported by several hedge funds in recent quarters.

Vox Royalty (NASDAQ:VOXR - Get Free Report) was upgraded by stock analysts at Weiss Ratings from a "sell (d+)" rating to a "hold (c-)" rating in a research note issued to investors on Friday,Weiss Ratings reports.

Vox Royalty Trading Down 1.0%

Shares of VOXR traded down $0.04 during mid-day trading on Friday, reaching $4.08. The company's stock had a trading volume of 264,519 shares, compared to its average volume of 356,980. The stock has a market cap of $207.64 million, a PE ratio of -102.00 and a beta of 0.38. The company has a current ratio of 4.34, a quick ratio of 4.34 and a debt-to-equity ratio of 0.28. Vox Royalty has a 52 week low of $2.21 and a 52 week high of $4.76. The company's fifty day moving average price is $3.86 and its two-hundred day moving average price is $3.49.

Vox Royalty (NASDAQ:VOXR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.02). The business had revenue of $2.77 million during the quarter, compared to the consensus estimate of $3.44 million. Vox Royalty had a negative return on equity of 4.23% and a negative net margin of 16.92%. On average, analysts predict that Vox Royalty will post -0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vox Royalty

A number of hedge funds have recently made changes to their positions in the business. ORG Partners LLC lifted its holdings in shares of Vox Royalty by 1.4% in the 3rd quarter. ORG Partners LLC now owns 12,131,435 shares of the company's stock worth $52,165,000 after acquiring an additional 169,949 shares during the last quarter. Ancora Advisors LLC lifted its position in Vox Royalty by 66.3% in the first quarter. Ancora Advisors LLC now owns 696,879 shares of the company's stock valued at $2,035,000 after purchasing an additional 277,793 shares during the last quarter. Geode Capital Management LLC bought a new stake in Vox Royalty in the second quarter valued at approximately $1,672,000. Russell Investments Group Ltd. lifted its position in Vox Royalty by 49.6% in the second quarter. Russell Investments Group Ltd. now owns 413,496 shares of the company's stock valued at $1,307,000 after purchasing an additional 137,019 shares during the last quarter. Finally, Medici Capital LLC lifted its position in Vox Royalty by 103.8% in the second quarter. Medici Capital LLC now owns 308,326 shares of the company's stock valued at $974,000 after purchasing an additional 157,026 shares during the last quarter. 45.95% of the stock is currently owned by institutional investors.

About Vox Royalty

Vox Royalty Corp. operates as a mining royalty and streaming company. The company holds a portfolio of 60 royalties and streaming assets. It operates in Australia, Canada, Peru, Brazil, South Africa, Mexico, and the United States. Vox Royalty Corp. was founded in 2014 and is based in Toronto, Canada.

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