Maxim Group analyst Tate Sullivan maintained a Buy rating on Vox Royalty yesterday and set a price target of $6.00.
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Tate Sullivan has given his Buy rating due to a combination of factors that highlight Vox Royalty’s strong financial performance and strategic acquisitions. The company reported a significant increase in revenue for the third quarter of 2025, showcasing a year-over-year growth of 58% and a quarter-over-quarter growth of 36%. This growth is supported by positive free cash flow, despite being slightly below expectations, indicating robust financial health.
Additionally, Vox Royalty’s recent acquisition of gold offtake and royalty assets has expanded its portfolio and increased its exposure to gold, which is expected to be immediately accretive to revenue and cash flow per share. This acquisition not only diversifies their revenue streams geographically but also increases the number of producing assets. Sullivan maintains a $6.00 price target for Vox Royalty, derived from a discounted cash flow analysis, reflecting confidence in the company’s future earnings potential and strategic direction.
In another report released on November 12, BMO Capital also maintained a Buy rating on the stock with a $5.00 price target.