Deterra Royalties Ltd Ordinary Shares
DRR: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| A$1.20 | Kfjq | Bgqcwygmr |
Deterra Fair Value Estimate Reduced on Lower Near-Term Iron Ore Prices
Business Strategy and Outlook
Deterra Royalties aims to grow into a diversified royalty company with multiple cash flows. New royalties are likely to be added in time, but we believe disciplined investment is likely, given the managing director's background at Iluka Resources and the discipline shown since Deterra listed on the Australian Securities Exchange.