Ashford Capital Management Inc. Purchases 594,970 Shares of Vox Royalty Corp. $VOXR

Ashford Capital Management Inc. raised its position in shares of Vox Royalty Corp. (NASDAQ:VOXR) by 23.3% in the fourth quarter, Holdings Channel reports. The fund owned 3,152,370 shares of the company’s stock after buying an additional 594,970 shares during the quarter. Vox Royalty comprises approximately 1.7% of Ashford Capital Management Inc.’s investment portfolio, making the stock its 22nd biggest holding. Ashford Capital Management Inc.’s holdings in Vox Royalty were worth $14,942,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Geode Capital Management LLC raised its position in shares of Vox Royalty by 36.7% during the fourth quarter. Geode Capital Management LLC now owns 733,661 shares of the company’s stock valued at $3,478,000 after buying an additional 197,117 shares during the last quarter. Walleye Capital LLC raised its position in shares of Vox Royalty by 85.5% during the fourth quarter. Walleye Capital LLC now owns 691,536 shares of the company’s stock valued at $3,278,000 after buying an additional 318,762 shares during the last quarter. King Luther Capital Management Corp acquired a new position in shares of Vox Royalty during the third quarter valued at about $2,924,000. NewGen Asset Management Ltd acquired a new position in shares of Vox Royalty during the third quarter valued at about $2,637,000. Finally, State Street Corp raised its position in shares of Vox Royalty by 92.2% during the fourth quarter. State Street Corp now owns 556,316 shares of the company’s stock valued at $2,644,000 after buying an additional 266,938 shares during the last quarter. Institutional investors and hedge funds own 45.95% of the company’s stock.

Wall Street Analysts Forecast Growth

VOXR has been the subject of a number of research analyst reports. Weiss Ratings lowered shares of Vox Royalty from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 5th. BMO Capital Markets reissued an “outperform” rating on shares of Vox Royalty in a research report on Friday, May 15th. Wall Street Zen raised shares of Vox Royalty from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Roth Mkm began coverage on shares of Vox Royalty in a research report on Wednesday, June 3rd. They issued a “buy” rating and a $8.00 price target for the company. Finally, Zacks Research raised shares of Vox Royalty from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Vox Royalty presently has an average rating of “Moderate Buy” and an average target price of $8.00.

Vox Royalty Stock Performance

Shares of VOXR stock opened at $5.47 on Wednesday. Vox Royalty Corp. has a 52-week low of $3.03 and a 52-week high of $6.70. The stock has a market cap of $376.88 million, a PE ratio of 13.02 and a beta of 0.42. The firm’s 50 day moving average price is $5.63 and its two-hundred day moving average price is $5.39.

Vox Royalty (NASDAQ:VOXR) last announced its quarterly earnings data on Monday, March 30th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.05). Vox Royalty had a net margin of 190.73% and a return on equity of 8.16%. The business had revenue of $7.36 million during the quarter, compared to the consensus estimate of $5.88 million. As a group, sell-side analysts predict that Vox Royalty Corp. will post 0.2 earnings per share for the current fiscal year.

Vox Royalty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be paid a $0.015 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.06 dividend on an annualized basis and a yield of 1.1%. Vox Royalty’s dividend payout ratio (DPR) is presently 14.29%.

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.