Trident Royalties (AIM:TRR) - Stock Price, News & Analysis

TRR Stock Overview

Trident Royalties Plc operates as a diversified mining royalty and streaming company.

TRR fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	4/6
Past Performance	2/6
Financial Health	2/6
Dividends	0/6

Rewards

Trading at 76.6% below our estimate of its fair value

Earnings are forecast to grow 38.95% per year

Became profitable this year

Analysts in good agreement that stock price will rise by 133.8%

Risk Analysis

Large one-off items impacting financial results

Trident Royalties Plc Competitors

Petra Diamonds

LSE:PDL

UK£80.0m

Jubilee Metals Group

AIM:JLP

UK£196.9m

Sylvania Platinum

AIM:SLP

UK£168.7m

Vast Resources

AIM:VAST

UK£4.0m

Price History & Performance

Summary of all time highs, changes and price drops for Trident Royalties
Historical stock prices
Current Share Price	UK£0.35
52 Week High	UK£0.55
52 Week Low	UK£0.30
Beta	0.39
1 Month Change	2.96%
3 Month Change	-4.01%
1 Year Change	-27.60%
3 Year Change	2.21%
5 Year Change	90.41%
Change since IPO	65.48%

Recent updates

Shareholder Returns

	TRR	GB Metals and Mining	GB Market
7D	0.7%	1.6%	2.2%
1Y	-27.6%	6.0%	0.9%

Return vs Industry: TRR underperformed the UK Metals and Mining industry which returned 6% over the past year.

Return vs Market: TRR underperformed the UK Market which returned 0.9% over the past year.

Price Volatility

Is TRR's price volatile compared to industry and market?
TRR volatility
TRR Average Weekly Movement	2.7%
Metals and Mining Industry Average Movement	8.6%
Market Average Movement	4.8%
10% most volatile stocks in GB Market	11.3%
10% least volatile stocks in GB Market	2.7%

Stable Share Price: TRR has not had significant price volatility in the past 3 months.

Volatility Over Time: TRR's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2018	4	Adam Davidson	www.tridentroyalties.com

Trident Royalties Plc operates as a diversified mining royalty and streaming company. The company operates through Precious, Bulk Battery, Metals, and Base segments. Its portfolio consists of gold, copper, silver, lithium, and iron ore.

Trident Royalties Plc Fundamentals Summary

How do Trident Royalties's earnings and revenue compare to its market cap?
TRR fundamental statistics
Market cap	UK£101.85m
Earnings (TTM)	UK£592.24k
Revenue (TTM)	UK£7.38m

172.0x

P/E Ratio

13.8x

P/S Ratio

Is TRR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TRR income statement (TTM)
Revenue	US$9.24m
Cost of Revenue	US$0
Gross Profit	US$9.24m
Other Expenses	US$8.49m
Earnings	US$741.00k

Last Reported Earnings

Jun 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.0025
Gross Margin	100.00%
Net Profit Margin	8.02%
Debt/Equity Ratio	38.6%

How did TRR perform over the long term?

See historical performance and comparison

TRR Stock Overview

Rewards

Risk Analysis

Trident Royalties Plc Competitors

LSE:PDL

UK£80.0m

AIM:JLP

UK£196.9m

AIM:SLP

UK£168.7m

AIM:VAST

UK£4.0m

Price History & Performance

Recent News & Updates

Consensus EPS estimates fall by 46%

Independent Non-Executive Chair recently bought UK£126k worth of stock

CFO & Executive Director recently bought UK£64k worth of stock

Anson Resources Ltd Outlines 45% Increase in Its Jorc 2012 Compliant Mineral Resource At Its Paradox Lithium Project Located in the Paradox Basin of South-Eastern Utah, Usa

Consensus EPS estimates increase from loss to US$0.0095 profit

First half 2023 earnings: EPS and revenues exceed analyst expectations

Recent updates

Consensus EPS estimates fall by 46%

Independent Non-Executive Chair recently bought UK£126k worth of stock

CFO & Executive Director recently bought UK£64k worth of stock

Anson Resources Ltd Outlines 45% Increase in Its Jorc 2012 Compliant Mineral Resource At Its Paradox Lithium Project Located in the Paradox Basin of South-Eastern Utah, Usa

Consensus EPS estimates increase from loss to US$0.0095 profit

First half 2023 earnings: EPS and revenues exceed analyst expectations

New major risk - Revenue and earnings growth

Trident Royalties Plc (AIM:TRR) entered into a binding agreement to acquire Advanced Stage Lithium Royalty for $10 million.

Consensus EPS estimates upgraded to US$0.0077 loss

High number of new directors

New major risk - Revenue and earnings growth

Trident Royalties Plc Appoints Leslie Stephenson as Non-Executive Director

Consensus EPS estimates have been downgraded.

CFO & Executive Director recently bought UK£56k worth of stock

Trident Royalties Plc, Annual General Meeting, Jun 29, 2023

Full year 2022 earnings released: US$0.013 loss per share (vs US$0.021 loss in FY 2021)

Trident Royalties Plc, Annual General Meeting, Jun 29, 2023

Trident Royalties Plc entered into a binding sale and purchase agreement to acquire La Preciosa silver project from Avino Silver & Gold Mines Ltd. for $8 million.

Now 20% undervalued

CFO & Executive Director recently bought UK£92k worth of stock

Less than half of directors are independent

Trident Royalties plc Announces Maiden Blue Spec Reserve Underpins Expansion Plan for Warrawoona

Trident Royalties Plc Appoints Richard John Hughes as Executive Director

First half 2022 earnings released: US$0.002 loss per share (vs US$0.006 loss in 1H 2021)

Trident Royalties plc Announces Directorate Change

Trident Royalties Plc, Annual General Meeting, Jun 22, 2022

Full year 2021 earnings released: US$0.021 loss per share (vs US$0.025 profit in FY 2020)

Less than half of directors are independent

Trident Royalties Plc Announces Santa Luz Mine First Gold Pour

Trident Royalties Plc (AIM:TRR) completed the acquisition of portfolio of producing gold offtake streams from Orion Mine Finance Fund II LP and Orion Co-VI Ltd. managed by Orion Mine Finance Management II Limited and OMF Fund II (O) Ltd and OMF Fund III (CR) Ltd managed by Orion Resource Partners.

Trident Royalties Plc Thacker Pass Litigation Update

Trident Royalties Ordinary Shares Deleted from Other OTC

TRR Offtakes LLC agreed to acquire portfolio of producing gold offtake streams from Orion Mine Finance Fund II LP and Orion Co-VI Ltd. managed by Orion Mine Finance Management II Limited and OMF Fund II (O) Ltd and OMF Fund III (CR) Ltd managed by Orion Resource Partners for $69.8 million.

Ontario Court Dismisses LRC Action Against Trident

Trident Royalties Plc announced that it expects to receive $10 million in funding from Tribeca Investment Partners Pty. Ltd., CNL Sprott Strategic Asset Fund, LLC, and another investor

Trident Royalties Plc announced that it expects to receive £1 million in funding from Collingwood Capital Partners AG

Trident Royalties plc Announces Positive Asset-Level Progress by Project Operators

Trident Royalties plc Announces Calidus Consolidates Key Warrawoona Tenements

Trident Royalties plc Provides A Technical Update for the Lake Rebecca Gold Royalty

Trident Royalties plc Announces Warrawoona Gold Project, On-Track to Production

Trident Royalties Plc Announces Appointment of Martin Page as Chief Financial Officer

Trident Royalties Plc Announces Executive Changes