Vox Royalty (VOXR) has received a new Buy rating, initiated by BMO Capital analyst, Rene Cartier.
Rene Cartier’s Buy rating for Vox Royalty (VOXR) stems from several factors. Firstly, the company, although small, is generating substantial cash flow and operating sustainably. This is primarily due to its strong portfolio concentrated in the development and exploration phase of the mine-maturity lifecycle. Furthermore, the target price of $3.00 is predicated on a 1.2x multiple to the corporate NAV5%. Vox Royalty’s growth record, intellectual property, and portfolio all contribute to its potential as a likely acquisition candidate.
Cartier also emphasizes Vox’s active acquisition of third-party royalties, leveraging its proprietary global database to secure favorable deals. This, combined with the company’s focus on a target market that’s overlooked by major royalty and streaming players, provides Vox with opportunities to engage in beneficial transactions with minimal competition. Additionally, Vox’s development pipeline promises a diversified mix of metals and materials, primarily in mining-friendly jurisdictions. Despite some projects lacking sanctioned development decisions or full permits, Vox’s balance sheet is expected to continue strengthening due to its cash flow-generating potential. Lastly, despite trading above small-cap peers, the premium valuation is justified by the company’s portfolio diversification, improved reporting, and transition to a more cash flow-focused model.
In another report released on November 10, Maxim Group also reiterated a Buy rating on the stock with a $6.00 price target.
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Vox Royalty (VOXR) Company Description:
Vox Royalty Corp is a mining royalty and streaming company. The company’s portfolio is focused on precious metals royalties.
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