Rene Cartier, an analyst from BMO Capital, maintained the Buy rating on Vox Royalty (VOXR – Research Report). The associated price target is $4.00.
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Rene Cartier has given his Buy rating due to a combination of factors including Vox Royalty’s strategic acquisition of the Kanmantoo NSR royalty, which is expected to enhance the company’s revenue guidance for 2025. The acquisition was completed at an attractive internal rate of return and is anticipated to provide immediate cash flow benefits, supported by public operator disclosures and located in a favorable jurisdiction.
Additionally, the Kanmantoo royalty is projected to generate significant annualized revenue, with further exploration potential offering additional upside. Vox’s financial position, including a secured revolving credit facility and cash reserves, supports its ongoing strategy of diversifying its royalty asset base and executing new transactions, which underpins the company’s growth prospects.
VOXR’s price has also changed moderately for the past six months – from $2.440 to $3.370, which is a 38.11% increase.