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
Display All Commentary

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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DRR STOCK CHART