Vox Royalty Q3 revenue rises, driven by acquisitions

Overview

• Vox Royalty Q3 revenue rises 57% yr/yr, driven by organic growth and acquisitions

• Company completed acquisition of Global Gold Portfolio, enhancing future revenue potential

• Vox Royalty expands credit facility to $75 mln, supporting strategic growth initiatives

Outlook

• Vox expects organic developments to boost future revenues

• Company anticipates higher operating margins from Global Gold Portfolio acquisition

• Vox looks forward to demonstrating operating leverage in Q4 and beyond

Result Drivers

• RECORD REVENUE - Vox achieved record Q3 revenue, up 57% yr/yr, driven by organic growth and acquisitions

• ASSET ACQUISITIONS - Co completed acquisition of Global Gold Portfolio, expected to enhance future revenue

• CREDIT FACILITY EXPANSION - Vox expanded credit facility to $75 mln, supporting strategic growth

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• Wall Street's median 12-month price target for Vox Royalty Corp is $5.80, about 29.8% above its November 11 closing price of $4.07

• The stock recently traded at 60 times the next 12-month earnings vs. a P/E of 86 three months ago

Press Release: ID:nACS98TwYa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)