Deterra Royalties Ltd Ordinary Shares
DRR: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|$J | LOCK|hBX | LOCK|mSwknkq |
Deterra Earnings: Iron Ore Likely to Remain the Key Driver
Deterra's first-half adjusted NPAT of AUD 76 million is up 20% year over year, driven by higher iron ore volumes and prices at BHP's Mining Area C. It declared a fully franked dividend of AUD 12.4 cents per share, up 38% year over year, likely why shares have risen 4% since the announcement.
