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Vox Royalty ( (TSE:VOXR) ) just unveiled an update.
Vox Royalty Corp. has successfully closed a $55 million underwritten public offering of common shares, raising approximately $63.25 million. This funding will facilitate the acquisition of a global gold portfolio consisting of ten gold offtake and royalty assets across twelve mines in eight countries. The acquisition is expected to enhance Vox’s asset base and strengthen its position 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 and streaming company focused on generating returns through a portfolio of over 60 royalties across six jurisdictions. Established in 2014, the company leverages its intellectual property, technical expertise, and global sourcing network to target high-return royalty acquisitions in the mining sector.
Average Trading Volume: 17,006
Technical Sentiment Signal: Buy
Current Market Cap: C$287.5M
For a thorough assessment of VOXR stock, go to TipRanks’ Stock Analysis page.