Deterra Royalties Ltd Ordinary Shares
DRR: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$4.80 | Tjdl | Cvyhpdvy |
Modestly Lowering Deterra's FVE by 2% on Reduced Iron Ore Prices
Business Strategy and Outlook
Deterra Royalties aims to grow into a diversified royalty company with multiple cash flows. The acquisition of Trident Royalties (due to close in the third quarter of 2024) is likely the first of additional royalty and/or streaming purchases.