OZ Minerals Limited (OZMLF) Receives a Hold from RBC Capital

RBC Capital analyst Kaan Peker maintained a Hold rating on OZ Minerals Limited (OZMLFResearch Report) on January 16 and set a price target of A$28.25. The company’s shares closed yesterday at $19.75.

According to TipRanks, Peker is a 4-star analyst with an average return of 12.2% and a 70.00% success rate. Peker covers the Basic Materials sector, focusing on stocks such as OZ Minerals Limited, Sandfire Resources Limited, and Fortescue Metals Group Ltd.

The word on The Street in general, suggests a Hold analyst consensus rating for OZ Minerals Limited with a $18.96 average price target.

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Based on OZ Minerals Limited’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $0. In comparison, last year the company had a net profit of $0

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OZ Minerals Ltd. engages in the mining of copper, gold, silver, exploration and development of mining projects. It operates through the following segments: Prominent Hill, Carrapateena, Exploration & Development and Corporate. The Prominent Hill segment mines copper, gold and silver. The Carrapateena segment deals with exploration and evaluation activities. The Exploration and Development segment holds interests with projects in Jamaica, Chile and joint ventures with Minotaur and Toro Energy and corporate development activities. The Corporate segment includes corporate activities such as other investment in equity securities and cash balances. The company was founded in in 1988 and is headquartered in Parkside, Australia.

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