management a year ago

Credit Suisse rates OZL as Neutral
Thursday, January 19, 2012 - 12:27
OZ met production guidance but the broker has reduced 2012-13 forecast earnings to reflect the full expensing of exploration costs. Indeed the broker sees OZL now as an exploration play.

Target price is $12.40 Current Price is $10.93 Difference:$1.47 - (brackets indicate current price is over target). If OZL meets the Credit Suisse target it will return approximately 13% (excluding dividends, fees and
charges - negative figures indicate an expected loss).

The company's fiscal year ends in December.

Credit Suisse forecasts a full year FY11 dividend of 77.90 cents and EPS of 106.70 cents. At the last closing share price the estimated dividend yield is 7.13%.

At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 10.24.