29-06-2025
Deterra Royalties Ltd (DRR) Gets a Buy from Macquarie
In a report released on June 27, Robert Stein from Macquarie maintained a Buy rating on Deterra Royalties Ltd (DRR – Research Report), with a price target of A$4.20. The company's shares closed last Friday at A$3.78.
Confident Investing Starts Here:
Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Stein covers the Basic Materials sector, focusing on stocks such as Mineral Resources Limited, Champion Iron, and Iluka Resources Limited. According to TipRanks, Stein has an average return of -2.0% and a 45.39% success rate on recommended stocks.
Deterra Royalties Ltd has an analyst consensus of Moderate Buy, with a price target consensus of A$4.21, which is an 11.38% upside from current levels. In a report released on June 20, Citi also maintained a Buy rating on the stock with a A$4.40 price target.
DRR market cap is currently A$2B and has a P/E ratio of 14.26.
Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DRR in relation to earlier this year.
