Vox Royalty (NASDAQ:VOXR) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of Vox Royalty (NASDAQ:VOXR) from a buy rating to a hold rating in a research report sent to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vox Royalty in a report on Friday, March 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Vox Royalty presently has an average rating of “Hold”.

Vox Royalty Stock Performance

Vox Royalty stock opened at $5.26 on Friday. The firm has a fifty day simple moving average of $5.48 and a two-hundred day simple moving average of $4.87. Vox Royalty has a twelve month low of $2.56 and a twelve month high of $6.59. The company has a quick ratio of 3.35, a current ratio of 3.35 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $362.36 million, a PE ratio of 75.14 and a beta of 0.49.

Vox Royalty (NASDAQ:VOXR) last posted its quarterly earnings data on Monday, March 30th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.05). The company had revenue of $7.36 million during the quarter, compared to the consensus estimate of $5.88 million. Vox Royalty had a return on equity of 0.84% and a net margin of 35.42%. Research analysts expect that Vox Royalty will post -0.01 EPS for the current year.

Vox Royalty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 31st will be given a $0.015 dividend. This represents a $0.06 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Tuesday, March 31st. Vox Royalty’s payout ratio is presently 85.71%.

Hedge Funds Weigh In On Vox Royalty

A number of hedge funds have recently made changes to their positions in the business. Ashford Capital Management Inc. bought a new stake in Vox Royalty during the 3rd quarter valued at approximately $10,997,000. King Luther Capital Management Corp purchased a new stake in Vox Royalty during the 3rd quarter valued at approximately $2,924,000. NewGen Asset Management Ltd purchased a new stake in Vox Royalty during the 3rd quarter valued at approximately $2,637,000. McAlvany Wealth Management LLC bought a new stake in shares of Vox Royalty during the fourth quarter valued at approximately $2,604,000. Finally, Geode Capital Management LLC bought a new stake in shares of Vox Royalty during the second quarter valued at approximately $1,672,000. Institutional investors own 45.95% of the company’s stock.

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.