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Deterra Royalties Ltd ( (AU:DRR) ) has shared an announcement.
Deterra Royalties Limited has successfully completed the sale of its non-core gold offtake assets and gold royalties for a total of US$60 million to Vox Royalty Corp. This divestment, along with the recent sale of silver assets, marks the completion of Deterra’s strategy to offload non-core assets, generating US$82 million in total. The proceeds will be used to reduce net debt and position the company for future growth opportunities, reflecting a disciplined approach to portfolio management.
The most recent analyst rating on (AU:DRR) stock is a Sell with a A$3.55 price target. To see the full list of analyst forecasts on Deterra Royalties Ltd stock, see the AU:DRR Stock Forecast page.
More about Deterra Royalties Ltd
Deterra Royalties Limited operates in the mining industry, focusing on managing and acquiring royalty interests. The company primarily deals with royalties related to mineral resources, offering financial solutions and strategic management of these assets to enhance shareholder value.
Average Trading Volume: 1,604,527
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$2.12B
Find detailed analytics on DRR stock on TipRanks’ Stock Analysis page.