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Deterra Royalties Ltd ( (AU:DRR) ) just unveiled an update.
Deterra Royalties Limited has announced the sale of its non-core La Preciosa silver assets for US$22 million to Avino Silver & Gold Mines Ltd. This transaction is expected to generate a pre-tax profit of US$6.2 million for Deterra, aligning with its strategy to focus on base, bulk, and battery and electrification commodities. The sale underscores Deterra’s business model of acquiring high-quality asset royalties and demonstrates its commitment to capital management by reducing net debt with the proceeds.
The most recent analyst rating on (AU:DRR) stock is a Buy with a A$4.20 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 Limited is an ASX-listed diversified resource royalty company based in Perth, Western Australia. It provides shareholders with lower risk exposure to mining activity through value-accretive investments in resource projects via royalties or streams. Deterra holds royalties and offtake agreements across 11 countries and six commodities, including significant interests in the Mining Area C iron ore mine in Western Australia and the Thacker Pass lithium project in Nevada, USA.
Average Trading Volume: 1,419,639
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$2.23B
Find detailed analytics on DRR stock on TipRanks’ Stock Analysis page.