Wall Street Zen Upgrades Vox Royalty (NASDAQ:VOXR) to Buy

Vox Royalty (NASDAQ:VOXR) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Vox Royalty in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Vox Royalty Trading Up 4.9%

Shares of VOXR opened at $6.43 on Friday. The firm has a market capitalization of $440.39 million, a price-to-earnings ratio of -160.75 and a beta of 0.35. The firm’s 50-day moving average price is $5.20 and its 200-day moving average price is $4.52. Vox Royalty has a 1-year low of $2.29 and a 1-year high of $6.44. The company has a current ratio of 3.35, a quick ratio of 3.35 and a debt-to-equity ratio of 0.12.

Institutional Trading of Vox Royalty

Hedge funds have recently made changes to their positions in the business. Ashford Capital Management Inc. bought a new position in shares of Vox Royalty in the 3rd quarter valued at about $10,997,000. King Luther Capital Management Corp bought a new stake in shares of Vox Royalty in the 3rd quarter valued at approximately $2,924,000. NewGen Asset Management Ltd purchased a new position in shares of Vox Royalty in the 3rd quarter worth approximately $2,637,000. Geode Capital Management LLC bought a new position in shares of Vox Royalty during the 2nd quarter valued at approximately $1,672,000. Finally, Hodges Capital Management Inc. bought a new position in shares of Vox Royalty during the 3rd quarter valued at approximately $1,962,000. 45.95% of the stock is currently owned by hedge funds and other institutional investors.

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.