DETERRA ROYALTIES LIMITED (DRR)
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DRR - DETERRA ROYALTIES LIMITED

FNArena Sector : Iron Ore
Year End: June
GICS Industry Group : Materials
Index: ASX200

Deterra Royalties is an Australian resource royalty investment company. The company was demerged from Iluka Resources and listed on the ASX in 2020. Its cornerstone asset is the MAC Royalty, a royalty over iron ore produced from specific tenements of BHP's Mining Area C in Western Australia.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.73

25 Jan
2021

0.090

OPEN

$4.63

1.94%

HIGH

$4.74

516,360

LOW

$4.61

TARGET
$4.85 2.5% upside
OTHER COMPANIES IN THE SAME SECTOR
ARI . BCI . FMG . GRR . MGX . MIN . CIA .
MARKET CONSENSUS FORECAST
DRR: 1
Title FY19
Actual		 FY20
Actual		 FY21
Forecast		 FY22
Forecast
EPS (cps) xxx N/A 14.1 xxx
DPS (cps) xxx N/A 14.1 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 33.6 xxx
Dividend Yield xxx N/A 3.0% xxx
Div Pay Ratio(%) xxx N/A 100.2% xxx

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 N/A

Estimated Dividend Growth
(Average Of Past Three Years)

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
EXPERT VIEWS
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Sentiment Indicator

0.0

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Citi

09/12/2020

5

Sell

$4.50

-4.86%

Citi has raised its 2021 benchmark iron ore price forecast by 28% to US$115/t. The broker expects Deterra Royalties to generate a profit of $108m in FY22. FY23 earnings estimate has been raised by 23%.

Sell rating is maintained with the target rising to $4.50 from $3.40.

FORECAST
Citi forecasts a full year FY21 dividend of 16.00 cents and EPS of 15.90 cents.
Citi forecasts a full year FY22 dividend of 20.00 cents and EPS of 20.40 cents.

Credit Suisse

xx/xx/xxxx

3

xxxxxxxxxx xx xxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

DRR STOCK CHART

FNArena News on DRR

1
Material Matters: Lithium, Energy & Coal

Jan 15 2021 - Commodities
2
Rudi’s View: All Eyes On US Treasuries

Jan 13 2021 - Rudi's View
3
Weekly Ratings, Targets, Forecast Changes – 11-12-20

Dec 14 2020 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Nov 20, 2020

Nov 20 2020 - Daily Market Reports
5
Something For Nothing

Nov 12 2020 - Weekly Reports

Latest Iron Ore News

1
Fortescue Ensures Dividends Aplenty

Dec 10 2020 - Australia
2
Iron Ore: Reasons To Remain Bullish

Dec 02 2020 - Technicals
3
Deterra Royalties To The Fore In Iron Ore

Nov 12 2020 - Australia
4
Iron Ore: Soaring And Roaring

Sep 14 2020 - Commodities
5
Can Fortescue Metals Sustain Lofty Heights?

Aug 25 2020 - Australia
6
Iron Ore Miners: Buy The Dips

Jul 22 2020 - Technicals
7
More Upside For Fortescue

Jul 14 2020 - Technicals
8
Material Matters: Copper Concerns And Iron Ore

Jun 29 2020 - Commodities
9
Treasure Chest: Fortescue The Resilient

Mar 16 2020 - Treasure Chest
10
Higher Highs Looming For Fortescue Metals

Jan 21 2020 - Technicals