Vox Royalty (NASDAQ:VOXR) Cut to Strong Sell at Zacks Research

Zacks Research lowered shares of Vox Royalty (NASDAQ:VOXR) from a hold rating to a strong sell rating in a report released on Monday,Zacks.com reports.

Several other research analysts have also weighed in on the stock. Wall Street Zen lowered shares of Vox Royalty from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vox Royalty in a report on Friday, March 27th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce”.

Vox Royalty Price Performance

Shares of VOXR stock opened at $5.54 on Monday. The firm has a market cap of $381.65 million, a P/E ratio of 79.14 and a beta of 0.49. 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 has a 1-year low of $2.66 and a 1-year high of $6.59. The firm has a fifty day moving average of $5.47 and a two-hundred day moving average of $4.91.

Vox Royalty (NASDAQ:VOXR) last announced its quarterly earnings data on Monday, March 30th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.05). The company had revenue of $7.36 million for the quarter, compared to analyst estimates of $5.88 million. Vox Royalty had a return on equity of 0.84% and a net margin of 35.42%. As a group, research analysts anticipate that Vox Royalty will post -0.01 earnings per share for the current fiscal year.

Vox Royalty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 31st will be issued a $0.015 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.06 annualized dividend and a dividend yield of 1.1%. Vox Royalty’s payout ratio is 85.71%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of VOXR. Ashford Capital Management Inc. acquired a new position in shares of Vox Royalty in the 3rd quarter valued at about $10,997,000. King Luther Capital Management Corp acquired a new position in shares of Vox Royalty in the 3rd quarter valued at about $2,924,000. NewGen Asset Management Ltd acquired a new position in shares of Vox Royalty in the 3rd quarter valued at about $2,637,000. McAlvany Wealth Management LLC bought a new stake in Vox Royalty in the 4th quarter valued at about $2,604,000. Finally, Geode Capital Management LLC acquired a new position in Vox Royalty during the 2nd quarter valued at about $1,672,000. 45.95% of the stock is owned by institutional investors and hedge funds.

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.