Vox Royalty (NASDAQ:VOXR) Rating Lowered to “Strong Sell” at Zacks Research

Vox Royalty (NASDAQ:VOXR) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Monday,Zacks.com reports.

VOXR has been the subject of several other research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Vox Royalty in a research note on Friday, March 27th. Wall Street Zen cut shares of Vox Royalty from a “buy” rating to a “hold” rating in a research note on Saturday. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

Vox Royalty Stock Performance

Shares of NASDAQ VOXR traded up $0.14 during mid-day trading on Monday, hitting $5.42. The company had a trading volume of 34,347 shares, compared to its average volume of 680,896. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.35 and a quick ratio of 3.35. The business’s 50-day simple moving average is $5.47 and its 200-day simple moving average is $4.90. Vox Royalty has a 12 month low of $2.66 and a 12 month high of $6.59. The firm has a market cap of $373.52 million, a P/E ratio of 77.86 and a beta of 0.49.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC bought a new position in shares of Vox Royalty in the fourth quarter valued at approximately $50,000. ProShare Advisors LLC bought a new position in shares of Vox Royalty in the fourth quarter valued at approximately $52,000. XTX Topco Ltd bought a new position in shares of Vox Royalty in the second quarter valued at approximately $56,000. BNP Paribas Financial Markets raised its stake in shares of Vox Royalty by 160.2% in the third quarter. BNP Paribas Financial Markets now owns 13,313 shares of the company’s stock valued at $57,000 after acquiring an additional 8,196 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new position in shares of Vox Royalty in the fourth quarter valued at approximately $58,000. 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.