Vox Royalty Faces Legal Challenge Over Red Hill Royalty Assignment

The latest update is out from Vox Royalty ( (TSE:VOXR) ).

Vox Royalty Corp.’s subsidiary, Vox Royalty Australia Pty Ltd, has been named as a second defendant in a lawsuit filed in the Supreme Court of Western Australia. The plaintiff claims that a right of first refusal was breached during the assignment of the Red Hill royalty to Vox Australia, seeking either declaratory relief or damages. Vox maintains that the right of first refusal was not applicable and intends to defend against the claim. This legal challenge could impact Vox’s operations and its strategic positioning in the mining royalty sector.

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 company focused on generating returns through a diverse portfolio of over 60 royalties across six jurisdictions. Established in 2014, Vox has developed a strong intellectual property base, a technically proficient transactional team, and a global sourcing network, enabling it to target high-return royalty acquisitions in the mining sector. Since 2020, the company has completed over 30 transactions to acquire more than 65 royalties.

Average Trading Volume: 13,863

Technical Sentiment Signal: Buy

Current Market Cap: C$249.7M

See more data about VOXR stock on TipRanks’ Stock Analysis page.