Trident Royalties (TRR.L) Stock Price

Trident Royalties Price

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Trident Royalties (TRR.L) Stock | ISIN GB00BF7J2535 | WKN A2N6Y9. Revenue is 20.09 M USD. Net income is 2.72 M USD. Trident Royalties operates in the Commodities sector.

Over the last 3 years Trident Royalties grew revenue by 78.7% annually, reaching 9.52 M USD. For Trident Royalties, the net margin of 25.1% is down versus 102.3% a few years ago.

Trident Royalties stock price

Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Trident Royalties over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Trident Royalties stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Trident Royalties's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Trident Royalties Stock Price History
DateTrident Royalties Price
Access this data via the Eulerpool API

Trident Royalties Revenue, EBIT, Net Income

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2017
0 USD
0 USD
0 USD
Jan 1, 2018
0 USD
-137,100 USD
-263,500 USD
Jan 1, 2019
0 USD
-689,000 USD
-689,000 USD
Jan 1, 2020
1.67 M USD
-1.67 M USD
1.71 M USD
Jan 1, 2021
83,000 USD
-3.68 M USD
-3.54 M USD
Jan 1, 2022
7.85 M USD
-1.67 M USD
-3.68 M USD
Jan 1, 2023
9.52 M USD
-1.11 M USD
2.39 M USD
Invalid Date
13.7 M USD
1.24 M USD
-905,617.2 USD
Invalid Date
15.66 M USD
1.96 M USD
30.19 M USD
Invalid Date
20.09 M USD
4.33 M USD
2.72 M USD
Invalid Date
27.71 M USD
12.67 M USD
0 USD
Invalid Date
29.05 M USD
17.51 M USD
0 USD

Trident Royalties Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 20, 2026, 7:57 AM
 
REVENUE (M USD)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (M USD)
NET INCOME (M USD)
NET INCOME GROWTH (%)
SHARES (M)
DOCUMENTS
2021202220232024e2025e2026e2027e2028e
0791315202729
28.5744.4415.3833.33357.41
28.5744.4430.7726.672014.8113.79
42444444
-3-320302--
-400-166.67-93.33
164.64288.85291.79291.79291.79291.79291.79291.79
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Trident Royalties generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Trident Royalties retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Trident Royalties's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Trident Royalties has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Trident Royalties's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Trident Royalties stock margins

The Trident Royalties margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Trident Royalties. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Trident Royalties.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2017
43.65 %
0 %
0 %
Jan 1, 2018
43.65 %
- %
- %
Jan 1, 2019
43.65 %
- %
- %
Jan 1, 2020
28.48 %
-100 %
102.34 %
Jan 1, 2021
74.7 %
-4,436.14 %
-4,262.65 %
Jan 1, 2022
38.13 %
-21.32 %
-46.93 %
Jan 1, 2023
43.65 %
-11.67 %
25.12 %
Invalid Date
43.65 %
9.02 %
-6.61 %
Invalid Date
43.65 %
12.5 %
192.82 %
Invalid Date
43.65 %
21.54 %
13.53 %

Trident Royalties Stock Revenue, EBIT, Earnings per Share

The Trident Royalties earnings per share therefore indicates how much revenue Trident Royalties has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2017
0 USD
0 USD
0 USD
Jan 1, 2018
0 USD
-0.01 USD
-0.02 USD
Jan 1, 2019
0 USD
-0.03 USD
-0.03 USD
Jan 1, 2020
0.02 USD
-0.02 USD
0.02 USD
Jan 1, 2021
0 USD
-0.02 USD
-0.02 USD
Jan 1, 2022
0.03 USD
-0.01 USD
-0.01 USD
Jan 1, 2023
0.03 USD
-0 USD
0.01 USD
Invalid Date
0.05 USD
0 USD
-0 USD
Invalid Date
0.05 USD
0.01 USD
0.1 USD
Invalid Date
0.07 USD
0.01 USD
0.01 USD

Trident Royalties business model & stock analysis

Trident Royalties Plc engages in the mining royalty and streaming business. The Company’s principal activity is to invest in mining royalties and offtakes across the natural resources sector. Its activities are located in the United Kingdom, Australia, United States, Zambia, Peru, Canada, South Africa, Mexico, Brazil and Kenya. The firm operates through three segments: Precious, Bulk, Battery Metals and Base. The Precious segment includes Gold Offtake portfolio and Lincoln gold. The Bulk segment includes Koolyanobbing. The Base segment includes Mimbula. The Battery Metals segment includes Thacker Pass. The Company’s deal-sourcing that focuses on royalties held by natural sellers, such as closed-end funds, prospect generators, junior and mid-tier miners. The company targets small-to-midsize transactions. The Company’s portfolio includes base, precious and battery metals, as well as bulk materials, and includes lithium, gold, copper, molybdenum, mineral sands and iron ore assets.

Trident Royalties Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Trident Royalties historical P/E ratio, EBIT multiple, and P/S ratio

Trident Royalties annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Trident Royalties shares outstanding

The number of shares was Trident Royalties in 2025 — This indicates how many shares 291.791 M is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2017
0 base_Shares
Jan 1, 2018
13.22 M base_Shares
Jan 1, 2019
22 M base_Shares
Jan 1, 2020
69.59 M base_Shares
Jan 1, 2021
164.64 M base_Shares
Jan 1, 2022
288.85 M base_Shares
Jan 1, 2023
291.79 M base_Shares
Invalid Date
291.79 M base_Shares
Invalid Date
291.79 M base_Shares
Invalid Date
291.79 M base_Shares
Price targets and forecasts for Trident Royalties are not yet available.

Trident Royalties shareholder structure

% Name
12.09972%
Regal Funds Management Pty. Ltd.
Regal Funds Management Pty. Ltd.
8.67641%
LIM Advisors Ltd.
LIM Advisors Ltd.
7.56636%
Samson Rock Capital LLP
Samson Rock Capital LLP
7.16678%
Barclays Wealth
Barclays Wealth
6.40884%
Syquant Capital S.A.S
Syquant Capital S.A.S
5.50164%
Ponderosa Investments (WA) Pty. Ltd.
Ponderosa Investments (WA) Pty. Ltd.
5.10177%
J.P. Morgan Securities plc
J.P. Morgan Securities plc
3.5144%
GWM Asset Management, Ltd.
GWM Asset Management, Ltd.
3.37792%
Sand Grove Capital Management LLP
Sand Grove Capital Management LLP
3.24144%
Canaccord Genuity Wealth Management
Canaccord Genuity Wealth Management

Trident Royalties Executives and Management Board

AD

Mr. Adam Davidson

Chief Executive Officer, Executive Director

Compensation616,000 USD
PS

Mr. Paul Smith

Non-Executive Independent Chairman of the Board

Compensation155,000 USD
RH

Mr. Richard Hughes

Chief Financial Officer, Executive Director · since 2023

Compensation107,100 USD
PB

Mr. Peter Bacchus

(54)

Non-Executive Independent Director

Compensation94,000 USD
AG

Mr. Al Gourley

Non-Executive Independent Director

Compensation91,000 USD

Frequently asked questions about Trident Royalties

All fundamentals and in-depth analysis of Trident Royalties

Our stock analysis for Trident Royalties Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Trident Royalties Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.