Vox Royalty (TSE:VOXR)
TSX:VOXR
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Vox Royalty
(TSX:VOXR)
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Rating:65Neutral
Price Target:
C$8.00
▲(4.17% Upside)
Action:ReiteratedDate:04/02/26
The score is primarily driven by improving financial performance (strong revenue growth and 2025 profitability) and a solid balance sheet, tempered by significant free-cash-flow volatility. Technical signals are mixed with weak near-term momentum, while valuation is difficult to assess due to the non-meaningful P/E and only a modest dividend yield.
Positive Factors
Asset-light royalty model
Vox’s asset-light royalty/stream business requires no mine operations capex, enabling scalable cash-flow capture as third parties produce. This model delivers long-duration, low-overhead receipts tied to production and commodity prices, supporting durable cash generation.
Negative Factors
Free cash flow volatility
Sharp swings in free cash flow reduce predictability of internally generated funds. If negative FCF persists, the company may need recurring external financing to fund acquisitions or dividends, raising execution and refinancing risk during the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Asset-light royalty model
Vox’s asset-light royalty/stream business requires no mine operations capex, enabling scalable cash-flow capture as third parties produce. This model delivers long-duration, low-overhead receipts tied to production and commodity prices, supporting durable cash generation.
Read all positive factors
Vox Royalty (VOXR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$529.16M
Dividend Yield0.97%
Average Volume (3M)33.17K
Price to Earnings (P/E)9.6
Beta (1Y)1.44
Revenue Growth11.95%
EPS Growth-44.15%
CountryCA
Employees6
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)0.01
Shares Outstanding68,900,610
10 Day Avg. Volume17,749
30 Day Avg. Volume33,169
Financial Highlights & Ratios
PEG Ratio-0.10
Price to Book (P/B)2.32
Price to Sales (P/S)14.97
P/FCF Ratio-3.95
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$9.70Price Target Upside26.26% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.14
Revenue Forecast (FY)C$28.24M
Vox Royalty Business Overview & Revenue Model
Company Description
Vox Royalty Corp. operates as a mining royalty and streaming company. The company holds a portfolio of 60 royalties and streaming assets. It operates in Australia, Canada, Peru, Brazil, South Africa, Mexico, and the United States. Vox Royalty Corp...
How the Company Makes Money
Vox Royalty makes money by acquiring economic interests (royalties and, where applicable, streams) tied to third-party mining projects and then collecting cash payments when those projects produce and sell metal. Its key revenue streams typically ...
Vox Royalty Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
81
Very Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 16.62M | 11.05M | 12.31M | 8.51M | 3.65M |
| Gross Profit | 10.08M | 7.91M | 9.98M | 6.66M | 2.68M |
| EBITDA | 14.33M | 4.38M | 4.97M | 1.21M | -2.16M |
| Net Income | 5.89M | -1.65M | -101.11K | 328.18K | -4.13M |
Balance Sheet | |||||
| Total Assets | 123.40M | 51.38M | 52.71M | 41.81M | 27.31M |
| Cash, Cash Equivalents and Short-Term Investments | 8.09M | 8.75M | 9.34M | 4.17M | 7.22M |
| Total Debt | 6.70M | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 16.35M | 8.32M | 7.78M | 6.39M | 27.31M |
| Stockholders Equity | 107.05M | 43.06M | 44.92M | 35.41M | 20.71M |
Cash Flow | |||||
| Free Cash Flow | -63.07M | 1.77M | -224.13K | -2.65M | -8.60M |
| Operating Cash Flow | 10.74M | 5.46M | 5.27M | 2.05M | 768.35K |
| Investing Cash Flow | -75.10M | -3.16M | -5.33M | -2.64M | -9.35M |
| Financing Cash Flow | 63.52M | -2.87M | 5.25M | -395.28K | 10.64M |
Vox Royalty Technical Analysis
Positive
7.68
Price Trends
7.48
Positive
7.11
Positive
6.08
Positive
Market Momentum
-0.04
Negative
56.15
Neutral
84.80
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:VOXR, the sentiment is Positive. The current price of 7.68 is above the 20-day moving average (MA) of 7.21, above the 50-day MA of 7.48, and above the 200-day MA of 6.08, indicating a bullish trend. The MACD of -0.04 indicates Negative momentum. The RSI at 56.15 is Neutral, neither overbought nor oversold. The STOCH value of 84.80 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:VOXR.
Vox Royalty Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | C$10.12B | 27.69 | 12.71% | 0.66% | 43.27% | ― | |
66 Neutral | C$125.26M | 12.43 | 33.85% | ― | 112.93% | ― | |
65 Neutral | C$529.16M | 9.61 | 8.03% | 0.97% | 11.95% | -44.15% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | C$40.89M | -689.00 | -88.61% | ― | -47.93% | -538.46% |
* Basic Materials Sector Average
TSE:VOXR
Vox Royalty
7.68
3.69
92.58%
TSE:MTA
Metalla Royalty & Streaming
9.20
4.99
118.53%
TSE:EMPR
Empress Royalty
0.99
0.53
117.58%
TSE:STRR
Star Royalties
0.52
0.28
112.24%
TSE:TFPM
Triple Flag Precious Metals
48.97
20.38
71.30%
Vox Royalty Corporate Events
Business Operations and StrategyFinancial Disclosures
Vox Royalty Posts Record 2025 Results on Strong Royalty and Streaming Growth
Positive
Mar 30, 2026
Vox Royalty reported record 2025 results, with royalty and net precious metal receipts climbing to $16.6 million and gross profit rising to $10.1 million, driven by a commodity mix led by gold and supported by copper and iron ore. The company also...
Business Operations and StrategyDelistings and Listing Changes
Vox Royalty Added to VanEck Junior Gold Miners ETF Benchmark Index
Positive
Mar 16, 2026
Vox Royalty Corp., a mining royalty and streaming specialist focused on gold and select base and industrial metals, has built a portfolio of over 70 royalties and streams spanning producing and development-stage assets in leading mining jurisdicti...
Business Operations and Strategy
Vox Royalty to Court Institutional Investors at Roth Growth Conference
Positive
Mar 10, 2026
Vox Royalty Corp., a mining royalty and streaming specialist with a focus on gold and select base and industrial metals, plans to deepen investor engagement through its participation in the 38th Annual Roth Conference in Dana Point, California. Th...
Business Operations and StrategyDividendsFinancial Disclosures
Vox Royalty Targets Up to 90% Receipts Growth in 2026, Lifts Dividend
Positive
Mar 5, 2026
Vox Royalty Corp., a mining royalty and streaming specialist with over 70 royalties and streams across gold and select base and industrial metals, continues to build scale and diversification in top-tier jurisdictions. The company emphasizes disci...
Business Operations and StrategyM&A Transactions
Vox Royalty Buys Producing Australian Gold and Copper Royalties to Boost Cash-Flow Exposure
Positive
Feb 26, 2026
Vox Royalty has expanded its Australian footprint with the acquisition of a two-asset royalty portfolio covering gold and copper projects for up to A$650,000, including A$450,000 paid at closing and a further A$200,000 contingent on post-closing c...
Business Operations and StrategyFinancial Disclosures
Vox Royalty Issues Annual Investor Letter Highlighting Strategy and Portfolio
Positive
Feb 10, 2026
Vox Royalty Corp., a mining royalty and streaming specialist with a portfolio of over 70 gold- and industrial metal-focused royalties and streams across leading jurisdictions, has emphasized its strategy of combining technical expertise, early cat...
Business Operations and StrategyFinancial Disclosures
Vox Royalty Tops 2025 Guidance With Record Receipts and Clears Debt
Positive
Feb 3, 2026
Vox Royalty reported record preliminary full-year 2025 royalty and net precious metal receipts of $16.6 million, a 50% increase from 2024 and above its guidance range of $13–$15 million, driven by $12 million in royalty revenue and $4.6 mill...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.