2313 GMT - A new CEO at Deterra Royalties could bring a fresh strategy that potentially accelerates dealmaking, according to Macquarie analysts. Deterra is looking for its next CEO after announcing last month that Julian Andrews plans to step down by the end of 2025. "The time to strike may be now to diversify exposure away from iron ore," say the Macquarie analysts. They highlight that Deterra's royalty at Thacker Pass "is a medium term growth proposition," and say that falling rates may "see valuations run away from management." Deterra's 1Q result is largely in line with market expectations, although realized prices did miss consensus, say the analysts. Macquarie has a neutral rating on the stock. It raises its target to A$4.40 from A$4.20. Deterra is down 1.0% at A$4.00. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
November 03, 2025 18:14 ET (23:14 GMT)
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