Vox Royalty (NASDAQ:VOXR) Trading 1% Higher Following Analyst Upgrade

Vox Royalty Corp. (NASDAQ:VOXR)’s share price traded up 1% during trading on Monday after Weiss Ratings upgraded the stock from a sell (d+) rating to a hold (c-) rating. The stock traded as high as $4.14 and last traded at $4.12. 927,398 shares traded hands during trading, an increase of 41% from the average session volume of 657,526 shares. The stock had previously closed at $4.08.

Institutional Investors Weigh In On Vox Royalty

Several hedge funds and other institutional investors have recently made changes to their positions in the business. ORG Partners LLC grew its position in shares of Vox Royalty by 1.4% in the third quarter. ORG Partners LLC now owns 12,131,435 shares of the company’s stock valued at $52,165,000 after purchasing an additional 169,949 shares during the last quarter. Tectonic Advisors LLC bought a new stake in shares of Vox Royalty in the third quarter valued at about $661,000. Bank of America Corp DE bought a new stake in shares of Vox Royalty in the second quarter valued at about $429,000. Jane Street Group LLC bought a new stake in shares of Vox Royalty in the second quarter valued at about $91,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Vox Royalty in the second quarter valued at about $69,000. 45.95% of the stock is owned by institutional investors and hedge funds.

Vox Royalty Trading Up 1.0%

The company has a debt-to-equity ratio of 0.28, a current ratio of 4.34 and a quick ratio of 4.34. The company’s 50 day moving average is $3.90 and its two-hundred day moving average is $3.52. The firm has a market cap of $209.67 million, a P/E ratio of -103.00 and a beta of 0.38.

Vox Royalty (NASDAQ:VOXR) last released its earnings results on Wednesday, August 13th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.02). Vox Royalty had a negative net margin of 16.92% and a negative return on equity of 4.23%. The company had revenue of $2.77 million during the quarter, compared to the consensus estimate of $3.44 million. On average, sell-side analysts predict that Vox Royalty Corp. will post -0.01 earnings per share for the current year.

Vox Royalty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were paid a $0.0125 dividend. This represents a $0.05 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, September 30th. Vox Royalty’s dividend payout ratio (DPR) is presently -125.00%.

Vox Royalty Company Profile

Vox Royalty Corp. operates as a mining royalty and streaming company. The company holds a portfolio of 60 royalties and streaming assets. It operates in Australia, Canada, Peru, Brazil, South Africa, Mexico, and the United States. Vox Royalty Corp. was founded in 2014 and is based in Toronto, Canada.