Eschler Asset Management LLP Takes $481,000 Position in Vox Royalty Corp. $VOXR

Eschler Asset Management LLP acquired a new stake in shares of Vox Royalty Corp. (NASDAQ:VOXR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 102,000 shares of the company’s stock, valued at approximately $481,000. Vox Royalty accounts for approximately 0.9% of Eschler Asset Management LLP’s holdings, making the stock its 29th biggest holding.

A number of other hedge funds also recently bought and sold shares of VOXR. Legal & General Group Plc purchased a new stake in Vox Royalty during the second quarter worth $30,000. Banque Cantonale Vaudoise purchased a new position in shares of Vox Royalty in the 1st quarter valued at $32,000. AQR Capital Management LLC bought a new position in shares of Vox Royalty in the 4th quarter worth $50,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Vox Royalty during the 2nd quarter worth $51,000. Finally, ProShare Advisors LLC purchased a new stake in shares of Vox Royalty during the 4th quarter worth $52,000. Hedge funds and other institutional investors own 45.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Roth Capital set a $7.75 target price on Vox Royalty in a research note on Tuesday, August 18th. Wall Street Zen lowered shares of Vox Royalty from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. BMO Capital Markets restated an “outperform” rating on shares of Vox Royalty in a report on Friday, May 15th. Zacks Research raised shares of Vox Royalty from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Finally, Weiss Ratings lowered shares of Vox Royalty from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 17th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $7.75.

Vox Royalty Stock Performance

Vox Royalty stock opened at $5.84 on Tuesday. The stock has a market cap of $405.60 million, a PE ratio of 8.72 and a beta of 0.53. The stock has a 50-day moving average of $4.80 and a two-hundred day moving average of $5.29. Vox Royalty Corp. has a one year low of $3.35 and a one year high of $6.70.

Vox Royalty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be given a $0.015 dividend. This represents a $0.06 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, September 30th. Vox Royalty’s dividend payout ratio (DPR) is presently 8.96%.

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.