1045 [Dow Jones] UBS upgrades Oxiana, known as Oz Minerals (OZL.AU) from today, to Buy from Neutral, although trims target to A$2.90 from A$3.75, after a transfer of analyst coverage. "For base and precious metal bulls with a positive long-term view, we believe OXR represents good value at current levels," analyst says. "Growth would seem to be around the corner with Prominent Hill on track for 4Q commissioning and first nickel sales from Avebury due in August," analyst says. OZL up 5 cents at A$2.13. (LMF)
OZL Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
