Head to Head Comparison: Vox Royalty (NASDAQ:VOXR) versus McEwen (NYSE:MUX)

McEwen (NYSE:MUX) and Vox Royalty (NASDAQ:VOXR) are both small-cap materials companies, but which is the superior investment? We will contrast the two companies based on the strength of their dividends, risk, valuation, analyst recommendations, profitability, institutional ownership and earnings.

Volatility and Risk

McEwen has a beta of 1.31, suggesting that its share price is 31% more volatile than the S&P 500. Comparatively, Vox Royalty has a beta of 0.63, suggesting that its share price is 37% less volatile than the S&P 500.

Institutional & Insider Ownership

17.0% of McEwen shares are held by institutional investors. Comparatively, 46.0% of Vox Royalty shares are held by institutional investors. 14.8% of McEwen shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

Profitability

This table compares McEwen and Vox Royalty’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
McEwen	18.41%	6.90%	4.73%
Vox Royalty	141.52%	14.16%	12.98%

Valuation and Earnings

This table compares McEwen and Vox Royalty”s top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
McEwen	$197.55 million	3.71	$34.43 million	$0.67	17.77
Vox Royalty	$16.62 million	19.16	$5.89 million	$0.67	6.84

McEwen has higher revenue and earnings than Vox Royalty. Vox Royalty is trading at a lower price-to-earnings ratio than McEwen, indicating that it is currently the more affordable of the two stocks.

Analyst Ratings

This is a breakdown of current recommendations and price targets for McEwen and Vox Royalty, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
McEwen	1	1	2	0	2.25
Vox Royalty	0	1	4	0	2.80

McEwen presently has a consensus target price of $29.00, indicating a potential upside of 143.60%. Vox Royalty has a consensus target price of $8.25, indicating a potential upside of 80.13%. Given McEwen’s higher possible upside, equities research analysts plainly believe McEwen is more favorable than Vox Royalty.

Summary

Vox Royalty beats McEwen on 7 of the 13 factors compared between the two stocks.

About McEwen

McEwen Inc., formerly known as McEwen Mining, is a metals exploration and mining company focused on gold, silver and copper. Its activities include operating mines, advancing development projects and exploring for additional mineral resources. The company’s assets and projects span the United States, Canada, Mexico and Argentina. Its portfolio includes gold and silver properties as well as the Los Azules copper project in Argentina, which is being advanced through its McEwen Copper subsidiary. McEwen was founded by Rob McEwen, who serves as the company’s chairman and chief executive officer.

About Vox Royalty

Vox Royalty Corp. was a mining royalty company that acquired interests in producing and developing mines. Rather than operating mines itself, the company earned royalties and other payments tied to production from mining operators. Its portfolio focused primarily on precious metals, including gold and silver, and covered mining projects in regions such as Australia, North America, South America, Africa and Europe. Vox was founded in 2014 and built its portfolio through royalty acquisitions. In 2025, Vox Royalty was acquired by Sandstorm Gold Ltd., bringing its royalty interests into Sandstorm’s portfolio.