Papamarkou Wellner Asset Management inc. Makes New Investment in Vox Royalty Corp. $VOXR

Papamarkou Wellner Asset Management inc. bought a new position in shares of Vox Royalty Corp. (NASDAQ:VOXR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 107,750 shares of the company’s stock, valued at approximately $510,000.

Several other institutional investors have also modified their holdings of VOXR. BlackRock Inc. purchased a new position in Vox Royalty during the 2nd quarter worth $30,614,000. Ashford Capital Management Inc. raised its position in Vox Royalty by 13.8% in the first quarter. Ashford Capital Management Inc. now owns 3,586,900 shares of the company’s stock worth $18,795,000 after acquiring an additional 434,530 shares in the last quarter. U S Global Investors Inc. boosted its holdings in Vox Royalty by 6.4% during the first quarter. U S Global Investors Inc. now owns 1,662,000 shares of the company’s stock worth $8,709,000 after buying an additional 100,000 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Vox Royalty by 36.7% during the 4th quarter. Geode Capital Management LLC now owns 733,661 shares of the company’s stock worth $3,478,000 after acquiring an additional 197,117 shares in the last quarter. Finally, McAlvany Wealth Management LLC boosted its position in Vox Royalty by 33.5% during the first quarter. McAlvany Wealth Management LLC now owns 733,415 shares of the company’s stock worth $3,513,000 after purchasing an additional 184,002 shares in the last quarter. Hedge funds and other institutional investors own 45.95% of the company’s stock.

Vox Royalty Stock Performance

Shares of NASDAQ:VOXR opened at $5.76 on Friday. The stock’s 50-day moving average is $4.83 and its 200-day moving average is $5.31. Vox Royalty Corp. has a 52-week low of $3.39 and a 52-week high of $6.70. The company has a market cap of $400.04 million, a P/E ratio of 8.60 and a beta of 0.53.

Vox Royalty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be given a $0.015 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.06 dividend on an annualized basis and a yield of 1.0%. Vox Royalty’s payout ratio is 8.96%.

Wall Street Analyst Weigh In

VOXR has been the topic of a number of analyst reports. BMO Capital Markets reiterated an “outperform” rating on shares of Vox Royalty in a report on Friday, May 15th. Roth Capital set a $7.75 price objective on shares of Vox Royalty in a research report on Tuesday, August 18th. Weiss Ratings lowered Vox Royalty from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 17th. Zacks Research upgraded Vox Royalty from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Finally, Wall Street Zen downgraded shares of Vox Royalty from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $7.75.

Vox Royalty Company Profile

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.