Vox Royalty (NASDAQ:VOXR) Stock Price Down 3.9% – What’s Next?

Vox Royalty Corp. (NASDAQ:VOXR)’s stock price dropped 3.9% during trading on Wednesday . The stock traded as low as $5.07 and last traded at $5.0550. Approximately 404,578 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 744,872 shares. The stock had previously closed at $5.26.

Analyst Ratings Changes

Several equities analysts have recently issued reports on VOXR shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Vox Royalty in a research report on Monday. Wall Street Zen raised Vox Royalty from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Vox Royalty has an average rating of “Hold”.

Vox Royalty Stock Down 3.9%

The firm has a market capitalization of $345.10 million, a P/E ratio of -126.38 and a beta of 0.35. The firm’s fifty day moving average price is $4.55 and its 200-day moving average price is $3.90. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.35 and a quick ratio of 3.35.

Vox Royalty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st will be issued a $0.0125 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $0.05 annualized dividend and a dividend yield of 1.0%. Vox Royalty’s dividend payout ratio is -125.00%.

Institutional Investors Weigh In On Vox Royalty

Hedge funds and other institutional investors have recently bought and sold shares of the business. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Vox Royalty during the 2nd quarter valued at about $31,000. BNP Paribas Financial Markets lifted its stake in Vox Royalty by 160.2% during the third quarter. BNP Paribas Financial Markets now owns 13,313 shares of the company’s stock valued at $57,000 after purchasing an additional 8,196 shares during the last quarter. Ridgewood Investments LLC acquired a new stake in Vox Royalty during the second quarter valued at approximately $44,000. Stratos Wealth Partners LTD. bought a new stake in Vox Royalty during the third quarter worth approximately $63,000. Finally, Caitlin John LLC bought a new stake in Vox Royalty during the second quarter worth approximately $47,000. 45.95% of the stock is currently owned by institutional investors.

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.