Cormark Weighs in on Vox Royalty Corp.’s FY2024 Earnings (NASDAQ:VOXR)

Vox Royalty Corp. (NASDAQ:VOXR) – Equities researchers at Cormark increased their FY2024 earnings per share (EPS) estimates for shares of Vox Royalty in a research note issued to investors on Tuesday, May 7th. Cormark analyst N. Dion now anticipates that the company will earn ($0.01) per share for the year, up from their prior forecast of ($0.02). The consensus estimate for Vox Royalty’s current full-year earnings is ($0.02) per share.

Vox Royalty Price Performance

Vox Royalty stock opened at $2.00 on Friday. The firm has a market capitalization of $100.24 million, a price-to-earnings ratio of -200.00 and a beta of 0.85. The company’s 50 day simple moving average is $2.02 and its 200 day simple moving average is $2.00. Vox Royalty has a fifty-two week low of $1.70 and a fifty-two week high of $3.02.

Vox Royalty (NASDAQ:VOXR) last released its earnings results on Thursday, March 7th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $3.00 million for the quarter. Vox Royalty had a positive return on equity of 1.85% and a negative net margin of 0.81%.

Institutional Trading of Vox Royalty

Large investors have recently made changes to their positions in the company. Sprott Inc. acquired a new position in Vox Royalty in the third quarter valued at about $42,000. Euro Pacific Asset Management LLC bought a new position in shares of Vox Royalty during the 3rd quarter valued at about $118,000. Russell Investments Group Ltd. grew its position in shares of Vox Royalty by 15.3% in the 4th quarter. Russell Investments Group Ltd. now owns 94,060 shares of the company’s stock valued at $194,000 after purchasing an additional 12,459 shares during the period. Meixler Investment Management Ltd. grew its position in shares of Vox Royalty by 42.1% in the 3rd quarter. Meixler Investment Management Ltd. now owns 178,699 shares of the company’s stock valued at $361,000 after purchasing an additional 52,900 shares during the period. Finally, Ancora Advisors LLC bought a new stake in Vox Royalty during the 3rd quarter worth approximately $471,000. Institutional investors own 45.95% of the company’s stock.

Vox Royalty Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were issued a $0.012 dividend. This is a positive change from Vox Royalty’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.05 annualized dividend and a dividend yield of 2.40%. Vox Royalty’s payout ratio is -400.00%.

Vox Royalty Company Profile

Vox Royalty Corp. operates as a mining royalty and streaming company. The company holds a portfolio of 60 royalties and streaming assets. It operates in Australia, Canada, Peru, Brazil, South Africa, Mexico, and the United States. Vox Royalty Corp. was founded in 2014 and is based in Toronto, Canada.