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Vox Royalty ( (TSE:VOXR) ) has issued an announcement.
Vox Royalty Corp. has announced a significant acquisition of a global gold portfolio from Deterra Royalties Limited, involving ten gold offtake and royalty assets across twelve mines in eight countries. This transaction, valued at $57.5 million upfront and $2.5 million in deferred milestones, is expected to double the company’s revenue per share and significantly enhance its exposure to large-cap operators. The acquisition is financed through a marketed offering of common shares and an expanded credit facility with the Bank of Montreal. The portfolio is expected to generate substantial cash flow and increase Vox’s eligibility for inclusion in precious metal-based indexes, thereby strengthening its market position and offering growth potential for stakeholders.
The most recent analyst rating on (TSE:VOXR) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on Vox Royalty stock, see the TSE:VOXR Stock Forecast page.
Spark’s Take on TSE:VOXR Stock
According to Spark, TipRanks’ AI Analyst, TSE:VOXR is a Neutral.
Vox Royalty’s overall stock score reflects strong revenue growth and strategic developments, supported by a solid balance sheet and positive technical trends. However, the negative net income and high P/E ratio present valuation concerns. Continued improvement in profitability and strategic execution are crucial for enhancing the overall performance.
To see Spark’s full report on TSE:VOXR stock, click here.
More about Vox Royalty
Vox Royalty Corp. is a mining royalty and streaming company focused on generating returns through the acquisition of royalty and offtake assets. The company primarily deals in precious metals, with a significant focus on gold, and operates across multiple jurisdictions including Australia, Brazil, Canada, and the United States.
Average Trading Volume: 14,904
Technical Sentiment Signal: Buy
Current Market Cap: C$285M
For a thorough assessment of VOXR stock, go to TipRanks’ Stock Analysis page.