Deterra Royalties Limited (OTCMKTS:DETRF – Get Free Report) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 40,806 shares, a growth of 207.2% from the September 30th total of 13,282 shares. Based on an average daily trading volume, of 6,869 shares, the short-interest ratio is currently 5.9 days.
Analyst Ratings Changes
Separately, BMO Capital Markets began coverage on shares of Deterra Royalties in a report on Thursday, September 17th. They issued an “outperform” rating and a $5.25 price target for the company. One research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.
Read Our Latest Report on Deterra Royalties
Deterra Royalties Price Performance
About Deterra Royalties
Deterra Royalties Limited is an Australian mining royalty company that provides capital to mining businesses in exchange for rights to receive a portion of future revenue or production from mineral assets. As a royalty holder, Deterra generally does not operate mines or bear the same direct operating costs as mining companies, allowing it to participate in commodity production across a diversified portfolio.
The company’s principal asset is a royalty over Mining Area C, a major iron ore operation in Western Australia’s Pilbara region operated by BHP.
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