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The latest announcement is out from Duxton Water Ltd. ( (AU:D2O) ).
Duxton Water Limited has confirmed the settlement of a $121 million sale of water entitlements to the Australian Government, aimed at supporting environmental water flows. The sale, executed at a premium to market value, has allowed the company to significantly reduce its debt, decreasing its Net Loan-to-Value Ratio to approximately 3%, and positions it strategically within the water market.
The most recent analyst rating on (AU:D2O) stock is a Buy with a A$2.10 price target. To see the full list of analyst forecasts on Duxton Water Ltd. stock, see the AU:D2O Stock Forecast page.
More about Duxton Water Ltd.
Duxton Water Limited provides shareholders with direct exposure to Australian water markets. The company generates returns by leasing its portfolio of permanent water entitlements to Australian farming businesses, with unleased portions sold in forward and spot allocation markets annually.
Average Trading Volume: 201,880
Technical Sentiment Signal: Buy
For a thorough assessment of D2O stock, go to TipRanks’ Stock Analysis page.