Vox Royalty (NASDAQ:VOXR) Announces Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Vox Royalty (NASDAQ:VOXR) announced its quarterly earnings results on Monday. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.05), Zacks reports. The company had revenue of $7.36 million during the quarter, compared to analysts’ expectations of $5.88 million. Vox Royalty had a negative net margin of 12.77% and a negative return on equity of 2.71%.

Vox Royalty Stock Up 3.7%

NASDAQ:VOXR opened at $4.97 on Tuesday. The company’s 50 day moving average is $5.47 and its two-hundred day moving average is $4.83. The company has a market cap of $342.04 million, a PE ratio of -123.73 and a beta of 0.25. Vox Royalty has a twelve month low of $2.56 and a twelve month high of $6.59. The company has a current ratio of 3.35, a quick ratio of 3.35 and a debt-to-equity ratio of 0.12.

Vox Royalty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st will be paid a $0.015 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $0.06 dividend on an annualized basis and a yield of 1.2%. Vox Royalty’s dividend payout ratio (DPR) is -125.00%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on VOXR shares. Weiss Ratings restated a “hold (c)” rating on shares of Vox Royalty in a report on Friday. Wall Street Zen upgraded shares of Vox Royalty from a “hold” rating to a “buy” rating in a research note on Sunday, March 1st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC acquired a new position in Vox Royalty during the fourth quarter worth about $50,000. Hsbc Holdings PLC acquired a new position in shares of Vox Royalty in the fourth quarter valued at approximately $58,000. BNP Paribas Financial Markets lifted its holdings in Vox Royalty by 160.2% during the 3rd 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. Police & Firemen s Retirement System of New Jersey boosted its position in Vox Royalty by 64.3% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 16,015 shares of the company’s stock valued at $76,000 after buying an additional 6,268 shares during the period. Finally, Diversify Advisory Services LLC acquired a new position in shares of Vox Royalty in the second quarter worth $60,000. 45.95% of the stock is owned by institutional investors and hedge funds.

About Vox Royalty

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.