DRR 1.22% $4.06 deterra royalties limited

Deterra dropping, page-4

  1. 1,528 Posts.
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    Its definitely the drop in Iron Ore. $220 to $160. Having said that the AUD is back below USD$0.74 which would be a tailwind for us. Also production levels from mining area C will continue to ramp up.

    I think the market is still hesitant given its a pure royalty play. I think its interesting buying at these prices if you are happy with a solid +5% div yield into the future.
 
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