Vox Royalty Corp. (NASDAQ:VOXR) Stock Has Consensus Price Target of $8.00

Shares of Vox Royalty Corp. (NASDAQ:VOXR) have received an average rating of “Moderate Buy” from the five analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $8.00.

Several analysts recently commented on the stock. Weiss Ratings upgraded shares of Vox Royalty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, October 26th. Wall Street Zen downgraded shares of Vox Royalty from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Roth Capital restated a “buy” rating and set a $8.00 target price (up from $7.75) on shares of Vox Royalty in a research report on Thursday, September 3rd. Finally, National Bank Financial started coverage on shares of Vox Royalty in a report on Thursday, October 8th. They issued an “outperform” rating for the company.

Vox Royalty Stock Performance

Shares of NASDAQ VOXR opened at $4.92 on Monday. Vox Royalty has a one year low of $3.81 and a one year high of $6.70. The firm has a market capitalization of $342.04 million, a P/E ratio of 7.34 and a beta of 0.63. The company’s fifty day moving average is $5.21 and its two-hundred day moving average is $5.28.

Vox Royalty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.0150 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.06 annualized dividend and a dividend yield of 1.2%. Vox Royalty’s payout ratio is 8.96%.

Institutional Investors Weigh In On Vox Royalty

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Vox Royalty in the 2nd quarter worth about $30,614,000. Ashford Capital Management Inc. grew its stake in Vox Royalty by 13.8% in the 1st quarter. Ashford Capital Management Inc. now owns 3,586,900 shares of the company’s stock valued at $18,795,000 after acquiring an additional 434,530 shares during the last quarter. U S Global Investors Inc. increased its holdings in Vox Royalty by 6.4% during the 1st quarter. U S Global Investors Inc. now owns 1,662,000 shares of the company’s stock valued at $8,709,000 after acquiring an additional 100,000 shares in the last quarter. Sanders Morris Harris LLC purchased a new position in Vox Royalty during the 3rd quarter valued at about $6,567,000. Finally, McAlvany Wealth Management LLC increased its holdings in Vox Royalty by 7.0% during the 3rd quarter. McAlvany Wealth Management LLC now owns 908,908 shares of the company’s stock valued at $4,563,000 after acquiring an additional 59,374 shares in the last quarter. Institutional investors and hedge funds own 45.95% of the company’s stock.

Vox Royalty Company Profile

Vox Royalty Corp. is a precious metals royalty and streaming company that acquires and manages royalty interests tied to mining projects. Rather than operating mines directly, Vox provides capital or acquires existing royalty interests in exchange for the right to receive a portion of future production or revenue from qualifying mineral assets.

The company’s portfolio is focused primarily on precious metals, including gold and silver, and may also include royalties related to other minerals.