Vox Royalty Corp. (NASDAQ:VOXR) Stock Has Average Target Price of $8.00

Shares of Vox Royalty Corp. (NASDAQ:VOXR) have earned a consensus rating of “Moderate Buy” from the five research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $8.00.

VOXR has been the subject of several research analyst reports. Roth Capital restated a “buy” rating and set a $8.00 price target (up from $7.75) on shares of Vox Royalty in a research report on Thursday, September 3rd. Wall Street Zen cut Vox Royalty from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. National Bank Financial started coverage on shares of Vox Royalty in a research note on Thursday, October 8th. They set an “outperform” rating on the stock. Finally, Weiss Ratings raised shares of Vox Royalty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, October 26th.

Vox Royalty Stock Up 7.2%

NASDAQ:VOXR opened at $4.91 on Monday. Vox Royalty has a 52 week low of $3.81 and a 52 week high of $6.70. The company has a market capitalization of $341.34 million, a P/E ratio of 20.82 and a beta of 0.63. The stock’s fifty day moving average is $5.24 and its two-hundred day moving average is $5.29.

Vox Royalty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.0150 per share. This represents a $0.06 annualized dividend and a yield of 1.2%. The ex-dividend date was Wednesday, September 30th. Vox Royalty’s payout ratio is 8.96%.

Institutional Investors Weigh In On Vox Royalty

Several hedge funds and other institutional investors have recently made changes to their positions in VOXR. BlackRock Inc. purchased a new position in shares of Vox Royalty during the second quarter worth about $30,614,000. Sanders Morris Harris LLC purchased a new stake in shares of Vox Royalty in the 3rd quarter valued at about $6,567,000. Ashford Capital Management Inc. lifted its holdings in shares of Vox Royalty by 13.8% in the 1st quarter. Ashford Capital Management Inc. now owns 3,586,900 shares of the company’s stock valued at $18,795,000 after purchasing an additional 434,530 shares during the last quarter. K2 Principal Fund L.P. acquired a new stake in shares of Vox Royalty in the 2nd quarter valued at about $1,294,000. Finally, Ancora Advisors LLC acquired a new stake in shares of Vox Royalty in the 2nd quarter valued at about $1,138,000. Institutional investors and hedge funds own 45.95% of the company’s stock.

Vox Royalty Company Profile

Vox Royalty Corp. is a precious metals royalty and streaming company that acquires and manages royalty interests tied to mining projects. Rather than operating mines directly, Vox provides capital or acquires existing royalty interests in exchange for the right to receive a portion of future production or revenue from qualifying mineral assets.

The company’s portfolio is focused primarily on precious metals, including gold and silver, and may also include royalties related to other minerals.