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

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.

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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 8,314.

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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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