Tag: ASX:OZL

OZ Minerals is under Algo Engine buy conditions and is a current holding in ASX 100 model portfolio.

Copper is now trading 50% below 2010 high.  We recommend buying OZ Minerals as a proxy for long copper and gold. OZ Minerals has an expanding production profile as the Carrapateena copper-gold mine in South Australia comes online.

Buy Oz Minerals at $7.25

OZ Minerals is under Algo Engine buy conditions and is a current holding in ASX 100 model portfolio.

We see value at $9.90

OZ Minerals is under Algo Engine buy conditions and is a current holding in our ASX 100 model.

OZL generates solid cashflow from established copper production and the company maintains a defensive balance sheet. There’s upside for investors as the new Carrapateena development project is de-risked in FY20.

OZ Minerals is on our radar following the price retracement back to $8.60.

We expect buying support to build and the short-term indicators to turn positive.

1H19 EBITDA of $163m and NPAT of $44m were broadly in line with consensus and the interim dividend was 8c.  Forward yield is 4.5%. 

Accumulate OZL.

OZ Minerals is back on our radar following the recent price retracement back to $9.80.

OZL was originally added into the ASX 100 model portfolio back in May, when the stock was trading at $8.80.

We now look for a move from $9.50 back to $10.50

OZ Minerals was recently added into our ASX 100 model portfolio.

We’re mindful of the selling pressure base metal prices have been under since the beginning of last month, with copper and nickel prices down 8% and 9%, respectively.

Commissioning of the Carrapateena mine later this year remains a key near-term catalyst to help support the OZL share price.  On  a valuation basis, we have OZL trading 10x FY20 earnings on a 2.4% dividend yield.

The company goes ex-div $0.08 on the 31st August.

OZ Minerals is under Algo Engine buy conditions and we add this name to our watch list. Early buying support is building just above the $9.00 price level.

OZL goes ex-div $0.08 on the 31st August and the stock trades on a forward yield of 2.7%.

OZ Minerals was removed from our ASX100 model late last year after generating 144% return.

The stock is now under algo sell conditions.

OZL reported FY18 earnings that beat consensus with NPAT of A$228m. Dividends were lifted to $0.15

We’re buyers of OZL on the next algo engine buy signal. We will remain patient as the general price backdrop for resources  is  over extended in the short-term.