Vox Royalty (NASDAQ:VOXR) Stock Rating Lowered by Wall Street Zen

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

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

Vox Royalty Trading Down 0.2%

Vox Royalty stock opened at $5.55 on Friday. The stock has a 50-day moving average price of $5.12 and a 200 day moving average price of $4.42. The company has a market capitalization of $380.12 million, a price-to-earnings ratio of -138.75 and a beta of 0.35. Vox Royalty has a 52 week low of $2.21 and a 52 week high of $5.88. The company has a quick ratio of 3.35, a current ratio of 3.35 and a debt-to-equity ratio of 0.12.

Institutional Investors Weigh In On Vox Royalty

Several hedge funds have recently bought and sold shares of VOXR. Ashford Capital Management Inc. purchased a new position in shares of Vox Royalty during the 3rd quarter valued at approximately $10,997,000. King Luther Capital Management Corp purchased a new stake in Vox Royalty during the third quarter worth $2,924,000. NewGen Asset Management Ltd acquired a new stake in Vox Royalty during the third quarter valued at $2,637,000. Geode Capital Management LLC purchased a new position in Vox Royalty in the second quarter valued at $1,672,000. Finally, Hodges Capital Management Inc. purchased a new position in Vox Royalty in the third quarter valued at $1,962,000. Hedge funds and other institutional investors own 45.95% of the company’s stock.

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.