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Deterra Royalties Ltd ( (AU:DRR) ) just unveiled an announcement.
Deterra Royalties Ltd announced the upcoming departure of its Managing Director and CEO, Julian, who has been instrumental in establishing the company as a key player in the royalty industry. The board has initiated a search for a new leader, with Jason Neal stepping in as interim CEO. The company has experienced substantial revenue growth due to the expansion of BHP’s Mining Area C and strong iron ore prices. Deterra continues to focus on diversifying its portfolio to ensure sustainable returns, transitioning from a single-revenue-asset company to a globally diversified royalty business.
The most recent analyst rating on (AU:DRR) stock is a Hold with a A$4.35 price target. To see the full list of analyst forecasts on Deterra Royalties Ltd stock, see the AU:DRR Stock Forecast page.
More about Deterra Royalties Ltd
Deterra Royalties Ltd is a significant player in the royalty industry, primarily focusing on mining royalties. The company is recognized for its strong market presence and strategic investments, particularly in the iron ore sector, with a notable foundation royalty over BHP’s Mining Area C iron ore operation.
Average Trading Volume: 1,501,214
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$2.21B
See more insights into DRR stock on TipRanks’ Stock Analysis page.