TipRanksStock Market NewsOZMLF NewsOZ Minerals Limited (OZMLF) was downgraded to a Hold Rating at Bell Potter

OZ Minerals Limited (OZMLF) was downgraded to a Hold Rating at Bell Potter

Bell Potter analyst David Coates downgraded OZ Minerals Limited (OZMLFResearch Report) to a Hold yesterday and set a price target of AUD25.00. The company’s shares closed today at $17.73.

According to TipRanks, Coates is a 2-star analyst with an average return of 1.3% and a 47.37% success rate. Coates covers the Basic Materials sector, focusing on stocks such as OZ Minerals Limited, Regis Resources Limited, and Aeon Metals Ltd..

Currently, the analyst consensus on OZ Minerals Limited is a Moderate Buy with an average price target of $14.69, representing a (17.12)% downside. In a report released today, RBC Capital also maintained a Hold rating on the stock with a AUD18.00 price target.

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The company has a one-year high of $21.20 and a one-year low of $10.89. Currently, OZ Minerals Limited has an average volume of 8,382.

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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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