tiprankstipranks
TipRanksStock Market NewsOZMLF NewsPositive Report for OZ Minerals Limited (OZMLF) from Ord Minnett
Blurbs

Positive Report for OZ Minerals Limited (OZMLF) from Ord Minnett

Ord Minnett analyst Dylan Kelly upgraded OZ Minerals Limited (OZMLFResearch Report) to a Buy today and set a price target of AUD27.40. The company’s shares closed last Thursday at $12.83.

Kelly covers the Basic Materials sector, focusing on stocks such as ioneer Limited, OZ Minerals Limited, and IGO. According to TipRanks, Kelly has an average return of 22.2% and a 56.10% success rate on recommended stocks.

Currently, the analyst consensus on OZ Minerals Limited is a Moderate Buy with an average price target of $14.56, a 13.53% upside from current levels. In a report released on July 26, Citigroup also maintained a Buy rating on the stock with a AUD22.50 price target.

See today’s best-performing stocks on TipRanks >>

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 8,314.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on OZMLF:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More