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Shaw and Partners Downgrades OZ Minerals Limited (OZMLF) to Hold

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The company’s shares closed last Friday at $17.54.

According to TipRanks.com, O’Connor is a 2-star analyst with an average return of -1.5% and a 50.0% success rate. O’Connor covers the Basic Materials sector, focusing on stocks such as Evolution Mining Limited, Iluka Resources Limited, and Western Areas Limited.

The word on The Street in general, suggests a Hold analyst consensus rating for OZ Minerals Limited with a $18.97 average price target, a 9.1% upside from current levels. In a report issued on April 7, J.P. Morgan also maintained a Hold rating on the stock with a price target.

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OZ Minerals Limited’s market cap is currently $5.9B and has a P/E ratio of 14.50.

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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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