OZ Minerals is covered by a significant number of brokers. The following firms have recently issued reports on the company and maintain formal coverage:
Analyst name Company represented
Anna Kassianos Austock
David Radclyffe BMO Capital Craig Sainsbury Citigroup Michael Slifirski Credit Suisse Paul Young Deutsche Bank Cathy Moises Evans & Partners Ian Preston Goldman Sachs JBWere David Kang HSBC Len Eldridge Macquarie Equities Stephen Gorenstein Merrill Lynch Craig Campbell Morgan Stanley Alex Passmore Patersons Securities Geoff Breen RBC L Fagan Royal Bank of Scotland Fleur Grose Southern Cross Hayden Bairstow Stonebridge Keith Williams Jo Battershill UBS Keith Williams Wilson HTM
Company overview Real-time quote OZL.AX , 1, -0.035, -3.380%) as Upgrade to Hold, Medium from Sell, High Risk (3) - Citi notes Oz Mineral has been a real laggard in the copper space, with AUD exposure, large cash reserves and acquisition risk weighing heavily on the share price. However, the broker believes that value is starting to creep back into the stock, with it now being the cheapest play in the Aussie copper space. Looking forward, Citi believes that strong operational performance, exploration upside and approval of the underground at Prominent Hill could all be positive catalysts for the stock. The big basket of pluses sees the broker upgrade to a Hold call and lift its target price to $1.25 (from $1.10). The risk rating is also lowered to Medium given the "solid operational performance" the broker is seeing from Prominent Hill.
WORTH NOTING................................. Ausbil Dexia buys 156.8m OZ Minerals shares
Source: News Bites Ausbil Dexia Ltd bought 156,843,039 OZ Minerals shares between September 29, 2009 and January 29, 2010, becoming a substantial holder with 156,843,039 shares (5.02%). STOCK DASHBOARD: February 02, 2010 OZ Minerals Closing Price: $ 1.07 Price change from previous trading day: 2.9% Relative Strength (6 months percentile rank): 28.3 Market capitalisation: $3.3 billion Turnover volume: 41,845,288.0 Volume Index (1 is average): 1.7 Turnover value: $45.1 million Turnover period: 6 months Value of $1,000 invested 1 year ago: $1,945 Source: www.BuySellTips.com