Vox Royalty (NASDAQ:VOXR) Posts Earnings Results, Beats Expectations By $0.08 EPS

Vox Royalty (NASDAQ:VOXR) posted its earnings results on Wednesday. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.08, Zacks reports. Vox Royalty had a net margin of 190.73% and a return on equity of 8.16%.

Vox Royalty Price Performance

Shares of Vox Royalty stock traded down $0.03 on Wednesday, reaching $5.16. 658,671 shares of the company traded hands, compared to its average volume of 549,995. The company has a 50 day moving average of $4.76 and a 200 day moving average of $5.29. Vox Royalty has a 52 week low of $3.13 and a 52 week high of $6.70. The firm has a market capitalization of $358.36 million, a PE ratio of 12.29 and a beta of 0.53.

Hedge Funds Weigh In On Vox Royalty

Several institutional investors and hedge funds have recently bought and sold shares of VOXR. AQR Capital Management LLC bought a new stake in shares of Vox Royalty in the fourth quarter valued at $50,000. Hsbc Holdings PLC bought a new position in shares of Vox Royalty during the 4th quarter worth $58,000. BNP Paribas Financial Markets increased its holdings in Vox Royalty by 160.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 13,313 shares of the company’s stock worth $57,000 after acquiring an additional 8,196 shares during the last quarter. Police & Firemen s Retirement System of New Jersey raised its stake in Vox Royalty by 64.3% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 16,015 shares of the company’s stock valued at $76,000 after acquiring an additional 6,268 shares during the period. Finally, Diversify Advisory Services LLC bought a new stake in Vox Royalty in the 2nd quarter valued at about $60,000. 45.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on VOXR shares. Roth Capital reaffirmed a “buy” rating and set a $8.00 target price on shares of Vox Royalty in a research report on Monday, June 29th. Zacks Research upgraded shares of Vox Royalty from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Weiss Ratings lowered shares of Vox Royalty from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 17th. BMO Capital Markets restated an “outperform” rating on shares of Vox Royalty in a report on Friday, May 15th. Finally, Wall Street Zen downgraded shares of Vox Royalty from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $8.00.

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.