Deterra Royalties Ltd Ordinary Shares DRR

Stock XASX Rating as of Oct 23, 2026

A$3.83 −0.04 (1.03%)

View Full Chart

As of Oct 23, 2026, 5:12:47 AM Delayed Price Closed

Company Report

View Archive

Deterra's MAC Royalty Likely to Keep Driving Earnings Despite Santa Cruz Copper Royalty Purchase

Jon Mills Oct 9, 2026

Deterra Royalties aims to grow into a diversified royalty company with multiple cash flows. The acquisition of Trident Royalties and its agreement to purchase a royalty over the Santa Cruz Copper project are likely to be followed by more royalty and/or streaming purchases.

Read Analysis

Price vs Fair Value

View History

DRR is trading at a LOCK|#&yC$LF premium.

Price

A$3.83

Oct 23, 2026

Fair Value

LOCK|mW

Oct 14, 2025

Uncertainty

LOCK|!!qp

1-Star Price: LOCK|RNl
5-Star Price: LOCK|$jQ
Economic Moat: LOCK|h$T
Capital Allocation: LOCK|FQRxx%^&

Bulls Say, Bears Say

Bulls

Deterra has no exposure to operating or capital costs, which makes for a much lower-risk mining exposure.

Bears

Chinese demand for iron ore is likely to soften as declining returns from fixed-asset investment necessitate a structural shift.

Trading Information

Previous Close Price: A$3.87
Day Range: A$3.80–3.87
52-Week Range: A$3.67–4.78
Bid/Ask: A$3.81 / A$3.93
Shares Outstanding: 531.77M
Market Cap: A$2.04B
Volume/Avg: 2M / 2M

Key Statistics

Price/Earnings (Normalized): 13.67
Price/Sales: 8.38
Dividend Yield (Trailing): 6.06%
Dividend Yield (Forward): 5.64%
Dividend Payment Schedule: Mar, Sep
Total Yield: 6.06%

Company Profile

Deterra Royalties was spun out from Iluka Resources in October 2020, with Iluka retaining a 20% interest. Its only material income-generating asset is a royalty covering iron ore produced by BHP from the Mining Area C royalty area in Western Australia. This includes the North Flank mine, producing around 60 million metric tons of iron ore a year, and the South Flank mine, which produces around 80 million metric tons. It also covers most of the Tandanya and Mudlark deposits, which BHP intends to develop in the longer term as part of its plan to operate the MAC production hub for at least 50 years. Consistent with its strategy to grow into a diversified royalty firm, its Trident Royalties and Santa Cruz royalty purchases are likely to provide moderate diversification from iron ore.

Sector: Basic Materials
Industry: Other Industrial Metals & Mining
Stock Style Box: Small Core
Total Number of Employees: —
Website: https://www.deterraroyalties.com

Competitors

Valuation

Metric	DRR	FMG	BHP
Price/Earnings (Normalized)	13.67	8.10	13.50
Price/Book Value	14.22	1.49	4.02
Price/Sales	8.38	1.77	3.37
Price/Cash Flow	11.98	4.39	8.45

Price/Earnings

DRR

FMG

BHP

Financial Strength

Metric	DRR	FMG	BHP
Quick Ratio	16.07	1.70	1.44
Current Ratio	16.52	2.32	1.88
Interest Coverage	17.84	13.01	11.36

Quick Ratio

DRR

FMG

BHP

Profitability

Metric	DRR	FMG	BHP
Return on Assets (Normalized)	0.04%	11.10%	11.44%
Return on Equity (Normalized)	0.11%	17.01%	27.20%
Return on Invested Capital (Normalized)	2.52%	13.71%	17.58%

Return on Assets

DRR

FMG

BHP

Other Industrial Metals & Mining Industry Comparables

Screen With Investor

Name	Capital Allocation	Economic Moat	Market Cap
BHP Group Ltd BHPLF	LOCK\|vY&wB&h	LOCK\|@j	$196B
BHP Group Ltd ADR BHP	LOCK\|v#@KYy	LOCK\|>K	$196B
Rio Tinto Ltd RTNTF	—	LOCK\|FG	$167B
Rio Tinto PLC Ordinary Shares RTPPF	LOCK\|jbt<cN#	LOCK\|<!n	$136B
Rio Tinto PLC ADR RIO	LOCK\|jj%j&>C	LOCK\|TKv	$136B
Grupo Mexico SAB de CV Class B GMBXF	—	LOCK\|Y<%&	$96B
Grupo Mexico SAB de CV ADR GPMXY	—	LOCK\|^>q#<	$96B
Glencore PLC ADR GLNCY	LOCK\|c<?x%y	LOCK\|m!	$84B
Anglo American PLC ADR NGLOY	LOCK\|YJ%$Q^	LOCK\|Yr	$53B
Vale SA ADR VALE	LOCK\|gX#	LOCK\|F><	$52B