Vox Royalty Corp Dossier
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SectorMaterials IndustryGold Beta (adjusted)0.88 Intrinsic Value Insufficient data for a value estimateNot enough reliable inputs to publish a fair value for this company yet. Market Price $5.02Price as of 30 Sep 2026 Data confidenceNot applicable Market Cap $348.9M Enterprise Value $340.8M Shares Outstanding 69.5M diluted Next Earnings Date16 Nov 2026 Last ex-dividend30 Jun 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Vox Royalty Corp. represents a highly compelling, returns-focused mining royalty play trading at a massive valuation discount relative to its peers. Following record-breaking Q1 2026 results driven by its September 2025 Global Gold Portfolio acquisition and a strong gold price environment, the company has demonstrated exceptional operating leverage. Vox's first-ever long-range guidance projects royalty receipts to double to approximately $66 million by 2030 based entirely on existing assets. Trading at roughly $300 per Gold Equivalent Ounce (GEO) compared to peers at $1,200–$1,800/GEO, Vox offers a significant valuation gap with zero debt, a fully undrawn $75 million credit facility, and multiple near-term organic catalysts. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$7.00 Mean target$7.78 High · most bullish analyst$8.00 Our research · scenarios, merits, risks, and invalidation triggersResearch as of 19 Jun 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $5.5015% Operator-level production delays, prolonged litigation at Red Hill, and a sharp correction in gold prices compress margins and delay the realization of the 2030 guidance. Capital allocation discipline is tested if high-quality pre-production acquisitions become scarce. Base CaseCentral scenario $7.4560% Vox successfully executes on its organic growth pipeline, meeting its raised 2026 receipts guidance of $32M–$37M and tracking steadily toward its 2030 target of $66M. The market gradually recognizes the valuation gap, leading to a steady re-rating of the stock toward peer GEO multiples. Bull CaseUpside scenario $8.0025% Accelerated production restarts and mine life extensions across the Global Gold Portfolio, combined with a favorable resolution of the Red Hill litigation and a community agreement at Los Filos, unlock massive unrecognized asset value. Gold prices remain elevated, driving royalty receipts well above the high end of 2030 guidance. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
Thesis Invalidation Triggers
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |