Deterra Royalties Ltd (ASX: DRR) Share Price and News
Price
Movement
(20 mins delayed)
52 Week Range
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1 Year Return
Deterra Royalties Ltd Chart and Price Data
Fundamentals Data provided by Morningstar.
Data provided by Morningstar.
Market Cap
$2.09 billion
P/E Ratio
12.24
Dividend Yield
8.18%
Shares Outstanding
528.65 million
Earnings per share
0.317
Dividend per share
0.30
Year To Date Return
-23.55%
Earnings Yield
8.17%
Franking
100%
Share Price
Day Change
52 Week Range
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Yesterday's Close
Today's Open
Days Range
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Volume
Avg. Volume (1 month)
Turnover
as at 24 Feb 3:44pm
Deterra Royalties Ltd (ASX: DRR)
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Frequently Asked Questions
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Yes, Deterra has historically paid two fully franked shareholder dividends a year.
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Deterra generally pays its shareholder dividends in March and September.
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Deterra Royalties Ltd listed on the ASX on 23 October 2020.
Dividend Payment History Data provided by Morningstar.
| Ex-Date | Amount | Franking | Type | Payable |
|---|---|---|---|---|
| 22 Feb 2024 | $0.1489 | 100.00% | Interim | 21 Mar 2024 |
| 22 Aug 2023 | $0.1685 | 100.00% | Final | 19 Sep 2023 |
| 24 Feb 2023 | $0.1200 | 100.00% | Interim | 23 Mar 2023 |
| 25 Aug 2022 | $0.2208 | 100.00% | Final | 21 Sep 2022 |
| 11 Mar 2022 | $0.1168 | 100.00% | Interim | 31 Mar 2022 |
| 02 Sep 2021 | $0.1152 | 100.00% | Final | 22 Sep 2021 |
| 16 Mar 2021 | $0.0245 | 100.00% | Interim | 31 Mar 2021 |
DRR ASX Announcements
An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.
| Date | Announcement | Price Sensitive? | Time | No. of Pages | File Size |
|---|---|---|---|---|---|
| YesNo |
About Deterra Royalties Ltd
Deterra Royalties Ltd (ASX: DRR) manages a portfolio of mining royalty assets. The company was spun out of Iluka Resources Ltd (ASX: ILU) in October 2020 with Iluka retaining a 20% interest.
Its primary income-generating asset is a royalty covering iron ore produced by BHP from royalty Mining Area C, located in the Pilbara region of Western Australia. The royalty area includes the North Flank mine, producing approximately 60 million metric tons of iron ore a year, and the South Flank mine, expected to add a further 85 million metric tons a year by 2024.
The royalty area also covers most of the Tandanya and Mudlark deposits, which BHP intends to develop over the longer term as part of its plan to operate the production hub for at least 50 years.
Deterra also manages smaller royalties including Yoongarillup/Yalyalup, Wonnerup, Eneabba, and St Ives in Western Australia. The company's portfolio covers bulks, base metals, and battery metals. It plans to further diversify its royalty holdings.
DRR Share Price History Data provided by Morningstar.
| Date | Close | Change | % Change | Volume | Open | High | Low |
|---|---|---|---|---|---|---|---|
| 25 Jul 2024 | $3.88 | $-0.04 | -1.02% | 1,633,687 | $3.89 | $3.91 | $3.86 |
| 24 Jul 2024 | $3.92 | $0.04 | 1.03% | 1,975,281 | $3.87 | $3.93 | $3.84 |
| 23 Jul 2024 | $3.88 | $0.02 | 0.52% | 1,087,704 | $3.88 | $3.89 | $3.83 |
| 22 Jul 2024 | $3.86 | $-0.02 | -0.52% | 5,358,721 | $3.81 | $3.90 | $3.78 |
| 19 Jul 2024 | $3.88 | $-0.04 | -1.02% | 2,200,345 | $3.90 | $3.92 | $3.85 |
| 18 Jul 2024 | $3.92 | $-0.08 | -2.00% | 2,881,219 | $4.00 | $4.00 | $3.89 |
| 17 Jul 2024 | $4.00 | $0.01 | 0.25% | 1,823,656 | $4.01 | $4.06 | $3.99 |
| 16 Jul 2024 | $3.99 | $-0.06 | -1.48% | 1,610,308 | $4.07 | $4.07 | $3.99 |
| 15 Jul 2024 | $4.05 | $-0.01 | -0.25% | 987,769 | $4.11 | $4.11 | $4.05 |
| 12 Jul 2024 | $4.06 | $0.01 | 0.25% | 958,726 | $4.05 | $4.08 | $4.03 |
| 11 Jul 2024 | $4.05 | $0.09 | 2.27% | 2,171,526 | $4.06 | $4.06 | $3.96 |
| 10 Jul 2024 | $3.96 | $-0.10 | -2.46% | 2,892,374 | $4.02 | $4.02 | $3.91 |
| 09 Jul 2024 | $4.06 | $-0.02 | -0.49% | 1,885,677 | $4.12 | $4.13 | $4.04 |
| 08 Jul 2024 | $4.08 | $-0.06 | -1.45% | 2,154,957 | $4.16 | $4.17 | $4.07 |
| 05 Jul 2024 | $4.14 | $-0.03 | -0.72% | 2,039,627 | $4.20 | $4.21 | $4.12 |
| 04 Jul 2024 | $4.17 | $0.09 | 2.21% | 2,107,716 | $4.14 | $4.17 | $4.10 |
| 03 Jul 2024 | $4.08 | $0.06 | 1.49% | 1,924,951 | $4.12 | $4.14 | $4.06 |
| 02 Jul 2024 | $4.02 | $0.01 | 0.25% | 1,200,277 | $4.02 | $4.04 | $3.97 |
| 01 Jul 2024 | $4.01 | $0.02 | 0.50% | 1,285,783 | $4.00 | $4.03 | $3.99 |
| 28 Jun 2024 | $3.99 | $-0.02 | -0.50% | 2,118,227 | $4.01 | $4.04 | $3.96 |
| 27 Jun 2024 | $4.01 | $-0.01 | -0.25% | 1,850,993 | $4.00 | $4.02 | $3.93 |
| 26 Jun 2024 | $4.02 | $0.02 | 0.50% | 2,617,887 | $3.97 | $4.03 | $3.91 |
Director Transactions Data provided by Morningstar.
| Date | Director | Type | Amount | Value | Notes |
|---|---|---|---|---|---|
| 20 Jun 2024 | Graeme Devlin | Buy | 15,000 | $62,100 |
On-market trade.
|
| 20 Jun 2024 | Jason Neal | Buy | 23,000 | $95,696 |
On-market trade.
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| 19 Jun 2024 | Jennifer (Jenny) Seabrook | Buy | 16,224 | $66,762 |
On-market trade.
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| 08 Mar 2024 | Julian Andrews | Sell | 5,050 | $25,351 |
As advised by the company. Cessation of indirect interest following
distribution of 5,050 ordinary fully paid shares held on trust to beneficiary. |
| 24 Jan 2024 | Jennifer (Jenny) Seabrook | Sell | 24,000 | $127,680 |
As advised by the company. Lapse of power of attorney
|
| 24 Jan 2024 | Jennifer (Jenny) Seabrook | Issued | 8,000 | $42,560 |
As advised by the company. grant of probate
|
| 01 Nov 2023 | Julian Andrews | Issued | 196,898 | $923,451 |
Issue of securities. 6,52,120 rights
|
| 17 Aug 2023 | Jason Neal | Buy | 9,000 | $40,630 |
On-market trade.
|
| 16 Aug 2023 | Julian Andrews | Issued | 33,692 | $151,614 |
Issue of securities. 4,55,222 Rights
|
| 16 Aug 2023 | Julian Andrews | Exercise | 72,507 | $326,281 |
Conversion of securities. 5,41,911 Rights
|
| 16 Aug 2023 | Julian Andrews | Buy | 72,507 | $326,281 |
Conversion of securities.
|
| 16 Aug 2023 | Julian Andrews | Expiry | 120,381 | $541,714 |
As advised by the company. Lapsed, 4,21,530 Rights
|
Directors & Management Data provided by Morningstar.
| Name | Title | Start Date | Profile |
|---|---|---|---|
| Ms Jennifer (Jenny) Anne Seabrook | Non-Executive ChairmanNon-Executive Director | Jun 2020 |
Ms Seabrook has over 30 years of corporate experience across capital markets, mergers and acquisitions and accounting advisory roles and several Non-Executive directorships for listed, unlisted and federal and state government corporations.
|
| Ms Adele Stratton | Non-Executive Director | Jun 2020 |
Ms Stratton has finance, operations and commercial experience to Deterra. As Chief Financial Officer and Head of Development at Iluka Resources Limited, she has over 20 years' experience working in both professional practice and public listed companies, including KPMG and Rio Tinto
|
| Mr Julian Andrews | Chief Executive OfficerManaging Director | Jun 2020 |
Mr Andrews' experience spans over 20 years in broad project finance, capital raising and mergers and acquisitions across the mining, energy and chemicals industry landscape. Prior to his appointment as Managing Director, Mr Andrews was Head of Strategy, Planning and Business Development at Iluka Resources.
|
| Mr Graeme Devlin | Non-Executive Director | Oct 2020 |
Mr Devlin has experiences from his business development, operational, investment evaluation and structured finance roles within BHP Group, Rio Tinto and CRA Limited. He served as BHP's head of acquisitions and divestments from 2009 to 2016.
|
| Mr Jason Neal | Non-Executive Director | Nov 2022 |
Mr Neal brings 25 years of experience in the mining sector in both executive and investment banking roles. He is currently Lead Director of G Mining Ventures, a TSX-V listed precious metals mine developer and a Founding Partner of Whetstone Resources, a private acquisition company focused on base metal mining assets. Previously, Mr. Neal served as Executive Vice President at Kirkland Lake Gold where he was responsible for Corporate Development, Business Improvement, Capital Projects and Investor Relations, and President and Chief Executive Officer of TMAC Resources prior to its sale to Agnico Eagle. He is a mining investment banker, having worked with BMO Capital Markets from 1997, serving as Co-Head and Managing Director of BMOs Global Metals and Mining Group from 2010.
|
| Ms Bronwyn Kerr | Company SecretaryGeneral Counsel | Nov 2021 |
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| Mr Jason Clifton | Chief Financial OfficerJoint Company Secretary | Dec 2023 |
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| Jason Clifton | Chief Financial OfficerJoint Company Secretary |
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|
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| Bronwyn Kerr | Company SecretaryGeneral Counsel |
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Top Shareholders Data provided by Morningstar.
| Name | Shares | Capital |
|---|---|---|
| HSBC Custody Nominees (Australia) Limited | 137,892,877 | 26.09% |
| Iluka Resources Limited | 105,692,420 | 20.00% |
| J P Morgan Nominees Australia Pty Limited | 100,595,522 | 19.03% |
| Citicorp Nominees Pty Limited | 61,422,269 | 11.62% |
| National Nominees Limited | 17,583,298 | 3.33% |
| Bnp Paribas Noms Pty Ltd <Drp> | 9,809,955 | 1.86% |
| UBS Nominees Pty Ltd | 6,068,244 | 1.15% |
| Bnp Paribas Nominees Pty Ltd <Agency Lending Drp A/C> | 4,651,520 | 0.88% |
| Citicorp Nominees Pty Limited <Colonial First State Inv A/C> | 2,870,484 | 0.54% |
| HSBC Custody Nominees (Australia) Limited A/C 2 | 1,637,664 | 0.31% |
| Netwealth Investments Limited <Wrap Services A/C> | 1,298,600 | 0.25% |
| R O Henderson (Beehive) Pty Limited | 1,080,000 | 0.20% |
| HSBC Custody Nominees (Australia) Limited <Nt Comnwlth Super Corp A/C> | 1,070,560 | 0.20% |
| Bnp Paribas Nominees Pty Ltd <Ib Au Noms Retailclient Drp> | 896,752 | 0.17% |
| BNP Paribas Nominees Pty Ltd Hub24 Custodial Serv Ltd <Drp A/C> | 870,217 | 0.16% |
| Carlton Hotel Limited | 502,308 | 0.10% |
| Bnp Paribas Noms (Nz) Ltd <Drp> | 484,496 | 0.09% |
| Mr Angus Mackay | 481,250 | 0.09% |
| HSBC Custody Nominees (Australia) Limited- i | 470,790 | 0.09% |
| Mcneil Nominees Pty Limited | 450,000 | 0.09% |
