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An update from Deterra Royalties Ltd ( (AU:DRR) ) is now available.
Deterra Royalties Ltd reported a 6% decrease in total revenue to $112.3 million for the half-year ending December 2024, primarily due to a 22% drop in iron ore prices. However, the company offset some losses with new revenue from its Trident acquisition, which contributed $7.9 million. The company declared a fully franked interim dividend of 9 cents per share, maintaining its commitment to return at least 50% of NPAT as dividends. Deterra is strategically focusing on diversifying its revenue sources through acquisitions, such as the Trident deal, and investing in projects like Thacker Pass, which holds significant potential in the lithium market.
More about Deterra Royalties Ltd
Deterra Royalties Ltd operates in the mining industry, focusing on generating revenue through royalties from mining operations. The company primarily benefits from iron ore sales, with recent diversification into gold assets, aiming to balance its revenue streams and reduce reliance on iron ore prices.
YTD Price Performance: 13.44%
Average Trading Volume: 1,256,469
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: A$2.23B
See more insights into DRR stock on TipRanks’ Stock Analysis page.
