OZL 0.00% $26.44 oz minerals limited

investors told to buy copper stocks

  1. 2,923 Posts.
    lightbulb Created with Sketch. 15
    I found extremely useful article from
    AFR page 25 on 20/04/10,
    (I can't type all contents due to lack of my typing skill)

    "Invetors told to buy copper stocks"

    ...."We've liked the medium and long-term outlook for copper for some times, but we have been short-term cautious," GSJBW analyst Alastair Hunter said in a report.

    .......... The broker also has a "buy" rating on OZ Minerals and predicted the stock could rise to $1.75 in a year, up 43 % on yesterday's close.

    While it has a positive view of the copper market, GSJBW
    said it was less enthuisastic about other base metals such as aluminium, nickel and zinc, where new supply was likely
    to offset any increase in demand.

    "Copper is the only story here that we've been happy to hold, because we believe that its supply constraints
    point to a much more rapid return to shortages than for other metals," Mr Southwood said.

    "With a 12 month view we simply don't see the fundamental support for aluminium, nickel and zinc prices."
    ---------------------------end----------------------------
    Summary: Copper's short term outlook is a bit cautious but medium to long therm one is bright. GSJBW rated OZL "buy"
    with one year target $1.75.


    regards,
 
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