Vox Royalty Corp. Outperforms Industry, Momentum Score A

Vox Royalty Corp. (VOXR) has a Momentum Style Score of A and a Zacks Rank of #2 (Buy). Its stock has risen 5.05% over the past week and 23.91% over the past month, outperforming the Mining - Miscellaneous industry. The company's strong momentum is driven by its recent price activity and earnings estimate revisions, making it a solid momentum pick.

Vox Royalty Corp. (VOXR) released its Q2'25 results, reporting quarterly revenue of ~$2.77 million, a 2% decline from the year-ago period, and operating cash flow of ~$1.76 million, a 12% decline from the year-ago period, as detailed in Vox Royalty: Where Growth Meets Value. While these results may initially appear disappointing, several factors contribute to the softness, particularly the company's iron ore royalty portfolio and lower iron ore prices.

The cessation of mining at Koolyanobbing after a 2x payback resulted in lapping $100,000 in revenue from this asset in Q2'24 that did not contribute this year. Additionally, the company's most significant cash flow generator, Wonmunna, contributed $1.2 million less this year due to fewer tonnes of iron ore shipped and a 10% decline in the iron ore sales price, a point noted in the Seeking Alpha analysis.

However, there are several positives worth noting. Iron ore prices have rebounded sharply to start H1'25, trading materially above the Q2'25 average. Furthermore, Vox Royalty recently sold Koolyanobbing to Yilgarn Iron, which is likely to restart production at this asset that has been producing since the 1960s. That sale could provide a boost to Vox's total revenue in the coming years, according to the same Seeking Alpha piece.

The company also completed an extremely accretive deal, purchasing an offtake portfolio from Deterra Royalties for ~$60 million. This acquisition includes 10 offtake and royalty assets across eight countries and is expected to provide considerable operating leverage and growth in cash flow per share. The offtake portfolio acquisition closed on Sept. 26, meaning Vox will see the full benefit of this new offtake portfolio in its Q4'25 results, as highlighted by the Seeking Alpha article.

Vox Royalty's stock has risen 5.05% over the past week and 23.91% over the past month, outperforming the Mining - Miscellaneous industry. The company's strong momentum is driven by its recent price activity and earnings estimate revisions, making it a solid momentum pick .