Citi ups PT for Australia's Deterra Royalties; quarterly revenue in line

Deterra Royalties

02/02/2025 22:34

** Citi raises Deterra Royalties  DRR.AX  price target to
A$4.40 from A$4.20; maintains "neutral" rating
    ** Brokerage says the mining royalty firm's December-quarter
revenue was broadly in line
    ** "Thacker Pass (over which DRR has a royalty) is now
aiming to be much larger and with an 85-year mine life enabled
by what is now the world's largest lithium reserve" - Citi
    ** Thacker Pass lithium project in the U.S. state of Nevada
is owned by Lithium Americas Corp and DRR has royalty interest
in it
    ** Six of 10 analysts rate the stock "buy" and four "hold";
their median PT is A$4.40 – LSEG data
    ** Stock up 9.4%, YTD

 (Reporting by Sherin Sunny in Bengaluru; Editing by Lisa
Shumaker)
 ((Sherin.Sunny@thomsonreuters.com;))