Vox Royalty

VOXR · TORONTO

$4.80−$0.04 (−0.83%)TodayMarket closed · Oct 23, 7:30 PM ET

Prev close $4.84

VOXR analyst rating

BuyConsensus of 2 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy2
Hold0
Underperform0
Sell0

12-month price target · 5 analysts

Average $7.69 (+60.2% upside)

Low: $6.38
Now: $4.80
High: $8.84

Upgrades and downgrades

The latest rating actions, newest first

VOXR analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Roth Capital	Sep 3, 2026	Maintains	Buy	$7.75 → $8.00	44%
Roth Capital	Jun 29, 2026	Maintains	Buy	$8.00	44%
Roth Capital	Jun 3, 2026	Initiates	Buy	$8.00	44%
Freedom Broker	Jan 30, 2026	Maintains	Buy	$5.80 → $6.90	66%

The case for and against

Updated Oct 17, 2026

Bull case

Vox Royalty is viewed favorably because its acquisitions are slightly accretive and reinforce a business model centered on undervalued royalties with near-term catalysts that can create shareholder value. The Kalman royalty in Australia is especially compelling, with potential to generate over $40 million of future royalty revenue based on a $5.50 per pound copper assumption and a planned high-grade underground mine producing 20,000 tonnes per year for ten years, while the Ruby Hill and Granite Creek stream sale adds $4.8 million in stock. Its diversified portfolio across Australia, Canada, and the United States, with maximum revenue from Australia and from Royalty Interests, supports resilience, and its offtake streams may retain value even if gold weakens.

Bear case

Vox Royalty is exposed to multiple fundamental risks that can weaken cash generation, including dilutive transactions, failure to enforce agreements, underperformance by mining operators, and weaker or less volatile commodity prices. Its portfolio faces meaningful political and jurisdictional risk across Australia, Canada, and the United States, while its largest commodity exposure is gold, leaving results sensitive to adverse moves in precious metals and broader market cycles. Because the company is not the operator, its earnings are ultimately dependent on third-party mine performance and technical execution, and disputes such as the Red Hill royalty could further pressure realized value.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.