Vox Royalty (VOXR, Financial) has shared updates on recent activities from its royalty partners, including Develop Global, Silver Mines, and Catalyst Metals. Develop Global is advancing significantly at the Sulphur Springs project, focused on copper, zinc, lead, and silver. Key activities include starting substantial underground work and earthworks, with the excavation of the box-cut for dual underground portals and site clearing for the plant. An updated Definitive Feasibility Study is expected to be completed later this year.
Meanwhile, Silver Mines has cleared an important hurdle for the Bowdens silver project in New South Wales. The planning process can now continue following a ruling from the Planning Secretary, contingent upon Silver Mines providing additional information.
Catalyst Metals announced a substantial capital raise of A$150 million to support its ongoing projects. Funds will be allocated to expand the Plutonic development and exploration initiative, which includes an ambitious drilling plan of 25,000 meters at the Plutonic East gold mine.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Vox Royalty Corp (VOXR, Financial) is $4.63 with a high estimate of $6.00 and a low estimate of $4.00. The average target implies an upside of 34.06% from the current price of $3.45. More detailed estimate data can be found on the Vox Royalty Corp (VOXR) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Vox Royalty Corp's (VOXR, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Vox Royalty Corp (VOXR, Financial) in one year is $3.27, suggesting a downside of 5.22% from the current price of $3.45. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Vox Royalty Corp (VOXR) Summary page.
