Vox Royalty Corp. (TSE:VOXR)
NASDAQ:VOXR
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Vox Royalty
(NASDAQ:VOXR)
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Rating:69Neutral
Price Target:
C$9.50
▲(23.22% Upside)
Action:Reiterated
Date:05/15/26
The score is driven primarily by strong recent financial performance (rapid TTM growth, high profitability, and a conservatively levered balance sheet), tempered by weak free cash flow. Technicals remain constructive but look overbought, and valuation is a notable headwind due to the high P/E and modest yield.
Positive Factors
Low leverage / strong balance sheet
Extremely low debt (debt-to-equity ~0.06) gives durable financial flexibility: management can fund staged royalty payments, pursue accretive acquisitions, or weather commodity downturns without high refinancing risk. This low leverage materially reduces default and liquidity stress over the medium term.
Negative Factors
Persistently negative free cash flow
Deeply negative free cash flow across recent periods shows operating inflows are being overwhelmed by investment or other cash uses. Over the medium term this forces reliance on external financing or equity issuance to fund acquisitions and payments, raising dilution and funding-risk considerations for a capital-intensive growth plan.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Extremely low debt (debt-to-equity ~0.06) gives durable financial flexibility: management can fund staged royalty payments, pursue accretive acquisitions, or weather commodity downturns without high refinancing risk. This low leverage materially reduces default and liquidity stress over the medium term.
Read all positive factors
Vox Royalty (VOXR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$573.43M
Dividend Yield0.97%
Average Volume (3M)16.21K
Price to Earnings (P/E)3.7
Beta (1Y)1.42
Revenue Growth173.91%
EPS GrowthN/A
CountryCA
Employees6
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)0.48
Shares Outstanding68,900,610
10 Day Avg. Volume23,582
30 Day Avg. Volume16,213
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$10.21Price Target Upside32.45% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.1
Revenue Forecast (FY)C$26.54M
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 owning royalty and streaming interests on mining projects operated by other companies. These interests are typically acquired by paying an upfront amount (or staged payments) to a mine developer/operator or by purchasing...
Vox Royalty Financial Statement Overview
Summary
Income Statement
83
Very Positive
Balance Sheet
86
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 29.94M | 16.62M | 11.05M | 12.31M | 8.51M | 3.65M |
| Gross Profit | 19.69M | 10.08M | 7.91M | 9.98M | 6.66M | 2.68M |
| EBITDA | 24.91M | 14.33M | 4.38M | 4.97M | 1.21M | -2.16M |
| Net Income | 30.67M | 5.89M | -1.65M | -101.11K | 328.18K | -4.13M |
Balance Sheet | ||||||
| Total Assets | 142.44M | 123.40M | 51.38M | 52.71M | 41.81M | 27.31M |
| Cash, Cash Equivalents and Short-Term Investments | 15.85M | 8.09M | 8.75M | 9.34M | 4.17M | 7.22M |
| Total Debt | 0.00 | 6.70M | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 9.24M | 16.35M | 8.32M | 7.78M | 6.39M | 27.31M |
| Stockholders Equity | 133.21M | 107.05M | 43.06M | 44.92M | 35.41M | 20.71M |
Cash Flow | ||||||
| Free Cash Flow | -49.64M | -63.07M | 1.77M | -224.13K | -2.65M | -8.60M |
| Operating Cash Flow | 25.45M | 10.74M | 5.46M | 5.27M | 2.05M | 768.35K |
| Investing Cash Flow | -97.35M | -73.81M | -3.16M | -5.33M | -2.64M | -9.35M |
| Financing Cash Flow | 79.44M | 62.43M | -2.87M | 5.25M | -395.28K | 10.64M |
Vox Royalty Technical Analysis
Positive
7.71
Price Trends
7.57
Positive
7.42
Positive
6.55
Positive
Market Momentum
0.28
Negative
59.72
Neutral
49.96
Neutral
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 7.71 is below the 20-day moving average (MA) of 7.79, above the 50-day MA of 7.57, and above the 200-day MA of 6.55, indicating a bullish trend. The MACD of 0.28 indicates Negative momentum. The RSI at 59.72 is Neutral, neither overbought nor oversold. The STOCH value of 49.96 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | C$9.01B | 15.59 | 15.57% | 0.66% | 53.07% | 3712.75% | |
69 Neutral | C$573.43M | 3.68 | 32.00% | 0.97% | 173.91% | ― | |
66 Neutral | C$106.28M | 5.39 | 33.85% | ― | 117.33% | 597.46% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | C$39.26M | -0.59 | -38.02% | ― | -41.27% | 62.12% | |
49 Neutral | C$863.41M | 1,910.26 | -1.29% | ― | 104.09% | 24.26% |
* Basic Materials Sector Average
TSE:VOXR
Vox Royalty
8.34
3.70
79.74%
TSE:MTA
Metalla Royalty & Streaming
9.24
5.18
127.59%
TSE:EMPR
Empress Royalty
0.84
0.31
58.49%
TSE:STRR
Star Royalties
0.52
0.34
181.08%
TSE:TFPM
Triple Flag Precious Metals
43.61
14.26
48.58%
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...
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.