Ticker: TRR
Price change since beginning of 2024: +12.05%
12- Month price change: -21.70%
INTRODUCTION
Trident Royalties is a company that holds a diversified portfolio of mining royalty and streaming companies, while also ensuring a growth approach toward their portfolio development. The company has an experienced team of mining finance professionals and provide investors an opportunity to gain exposure in the base and precious metals market. Relatively new to the UK penny shares scene, the company’s management has been able to deliver 80% in shareholder returns. While the company did see a decline in 2023, this was to be expected, as prices of the base and precious metals were under pressure, due to hawkish monetary policy and a stabilizing geopolitical picture. However, since the flare-up of tensions in the Middle East, and strong central bank gold buying, the company has recovered significantly.
STRATEGIC ASSET GROWTH CONTINUES
Trident Royalties (TRR) has been growing its strategic assets strongly since its listing in June of 2020. The company has acquired 21 assets since then, with 13 of those assets generating cash flows. The company’s asset base includes key metals miners, which include lithium, gold, copper, silver and iron ore amongst other metals. With the transition to electric vehicles and renewable energy sources, lithium plays a key role and demand for the commodity is set to remain robust in the foreseeable future, which should enable Trident Royalties (TRR) to increase earnings sustainably over time. China, the largest copper consumer in the world, is also likely to be a key demand driver for the base metal, which is also critical in EV battery technology, among other applications. Overall, the portfolio of assets Trident (TRR) is building is set to produce sustainable revenues and net income over time, and could be in the early phases of growth.
2024 SEES RENEWED GOLD RUSH, AS THE METAL HITS ALL-TIME HIGHS AGAIN
Gold prices are an important factor, especially given the company holds a number of gold mines within their portfolio. According to the World Gold Council, central banks around the world purchased the largest amount of gold in the first quarter of 2024 since records began, with the institution suggesting that gold demand is expected to remain robust in 2024. This could be a key revenue generator for Trident (TRR) and may provide the company with an opportunity to significantly improve its financial performance, which could drive share price returns.
WHAT IT ALL MEANS FOR TRIDENT
The company has demonstrated that it has the technical ability and industrial know-how to build a strong asset portfolio that consists of miners. The strong rebound in both base metal and precious metal prices are likely to continue driving profitability for the company, and could facilitate further acquisitions as the company looks to grow. The turnaround in 2024 is evident, and with robust expectations in terms of metals pricing, financial performance is likely to improve, and this could drive positive price returns for the company and could make it a consideration as a penny stock to invest in.
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