Skip to Content
scroll

OZ Minerals (OZL)

$22..20
image description
What does Bull and Bear mean?

Market Matters View Point?

bear
Market Matters
bull
MM is considering OZL into ongoing weakness

OPINION

Flagship Growth Portfolio

The MM Flagship Growth Portfolio slipped -0.49% last week while our cash position has now risen slightly to 4%. Our performance was aided by TPG Telecom (TPG) +4% and Commonwealth Bank (CBA) +3.4% while CSR Ltd (CSR) -9.7% and Altium (ALU) -7.7% dragged on the portfolio i.e. our defensives remained the backbone through this uncertain period.

Read more

OZ Minerals Ltd (OZL) $22.20

Yesterday saw MM sell out of Virgin Money (VUK) and increase our holdings in Macquarie Group (MQG) and TPG Telecom (TPG) which in our opinion is a move up both the quality and defensive curve. However, we did consider a couple of other stocks on the buy-side hence today felt like an ideal time to update our thoughts towards them:

Read more

OZ Minerals Ltd (OZL) $23.41

We acted on our valuation opinion towards OZL exiting the stock into panic buying in March, we like the company but like all stocks it’s both cheap and expensive at different levels. The trouble with OZL in our opinion is that the stock is still priced fairly optimistically and if copper slips further towards our $US400/lb target it’s easy to comprehend this particular miner 6-8% lower i.e. this is a great...

Read more

OZ Minerals Ltd (OZL) $25.52

We have been talking about copper/gold stock OZL through 2022, especially since we took an excellent profit in early March. OZL “popped” to fresh highs in January and has slipped 14% over the last few months, if we are correct the stocks only about half-way through its likely pullback with our ideal buy level around $22, and secondly at $20 i.e. over 10% lower.

Read more

OZ Minerals Ltd (OZL) $27.12

There is not a perfect science to our first point above but in simplistic terms after rallying strongly over the last 2-years MM believes its time for the resources sector to take a rest and if Labor does win it might just accelerate the sentiment against our miners – remember sentiment can often have a major impact on share prices over the short term. In the case of OZL it’s also likely to struggle if the global economy does slow down as interest rates increase.

Read more

OZ Minerals Ltd (OZL) $24.31

We exited our position in OZL when copper hit $US500/lb, yesterday the stock tested its 2022 low, our ideal target for a copper is around $US400/lb or 20% below this month’s high, such a move should take OZL down towards our $20-22 target area.

Read more

Oz Minerals Ltd (OZL) $27.65

MM has been holding copper and gold producer OZL since mid-2021 when the stock corrected 26%. One of our main reasons behind the purchase was the belief that global economic growth and the EV revolution would take the copper price up towards US500/lb which unfolded perfectly last night before the industrial metal reversed 5% lower. OZL has enjoyed the combined tailwind of rising copper and gold...

Read more

OZ Minerals (OZL) v Copper ($US/lb)

OZL has at times felt like our underperforming copper exposure, equivalent to Santos (STO) in the oil / gas sector i.e. OZL has corrected over 19% from its 2022 high when copper simply rotated in its fairly tight 12-months range. However the industrial metal has come back to life this week rallying ~7% suddenly finding itself within striking distance of our medium-term $US500/lb target i.e. now only another 5% away.

Read more

Oz Minerals (OZL) $26.03

OZL -0.46%: FY21 results out for the Copper company today with sales inline with expectations, however profit was a slight miss (NPAT$531m vs $567m expected). The dividend of 34cps was ahead of the 32cps expected while they maintained guidance for the year ahead. We remain long OZL in our Flagship Growth Portfolio.

Read more
more

ACTION

OZL
UPDATED 12/05/2022 18:57
MM is considering OZL into ongoing weakness
Add To Hit List
OZL
UPDATED 28/04/2022 20:48
MM likes OZL around the $22 area
Add To Hit List
OZL
UPDATED 08/04/2022 09:13
MM likes OZL around $22
Add To Hit List
OZL
UPDATED 29/03/2022 17:31
MM is neutral / negative OZL through 2022
Add To Hit List
OZL
UPDATED 16/03/2022 15:33
MM likes OZL in the $20-22 area, or 10-15% lower
Add To Hit List
OZL
UPDATED 08/03/2022 17:44
MM are selling OZL in the Flagship Growth Portfolio, taking profit around $26.43
Add To Hit List
OZL
UPDATED 08/03/2022 17:44
MM is considering switching OZL to Woolworths (WOW)
Add To Hit List
OZL
UPDATED 07/03/2022 07:35
MM remains bullish OZL ideally targeting the $30 area
Add To Hit List
OZL
UPDATED 21/02/2022 18:00
OZL
UPDATED 14/02/2022 08:38
MM is bullish OZL short-term
Add To Hit List
more
image description

Australia's best Copper company

OZ Minerals (OZL) is an Australian based mining company with a focus on copper. The Company owns and operates the Prominent Hill copper-gold mine and the Carrapateena copper-gold project located in South Australia and has a number of equity interests in listed resource companies. 
chart
image description
OZ Minerals Ltd (OZL)
chart
image description
OZ Minerals Ltd (OZL)
chart
image description
OZ Minerals Ltd (OZL)
chart
image description
OZ Minerals Ltd (OZL)
chart
image description
OZ Minerals Ltd (OZL)
chart
image description
Oz Minerals (OZL)
chart
image description
Oz Minerals Ltd (OZL)
chart
image description
OZ Minerals (OZL) v Copper ($US/lb)
chart
image description
Oz Minerals (OZL)
chart
image description
OZ Minerals (OZL) v Copper ($US/lb)
chart
image description
Oz Minerals (OZL)
chart
image description
OZ Minerals (OZL)
chart
image description
OZ Minerals (OZL)
chart
image description
OZ Minerals (OZL)
chart
image description
OZ Minerals (OZL) v Copper ($US/lb)
chart
image description
OZ Minerals (OZL)
chart
image description
OZ Minerals (OZL)
chart
image description
OZ Minerals (OZL) v Copper ($US/lb)
chart
image description
OZ Minerals (OZL)
chart
image description
Oz Minerals (OZL)
chart
image description
OZ Minerals (OZL)
chart
image description
OZ Minerals (OZL)
chart
image description
OZ Minerals (OZL)
chart
image description
OZ Minerals (OZL)
chart
image description
OZ Minerals (OZL)
chart
image description
Oz Minerals (OZL)
chart
image description
Oz Minerals (OZL)
chart
image description
Oz Minerals (OZL)
chart
image description
OZ Minerals (OZL)
chart
image description
Copper ($US/lb) v OZ Minerals (OZL)
chart
image description
OZ Minerals (OZL)
chart
image description
OZ Minerals (OZL)
chart
image description
OZ Minerals (OZL) & Copper Price
chart
image description
Oz Minerals (OZL)
chart
image description
Oz Minerals (OZL)
chart
image description
Newcrest Ming (NCM)
chart
image description
OZ Minerals (OZL)
chart
image description
OZ Minerals (OZL)
chart
image description
OZ Minerals (OZL)
chart
image description
OZ Minerals (OZL)
chart
image description
Oz Minerals (OZL)
chart
image description
OZ Minerals (OZL)
chart
image description
OZ Minerals (OZL)
chart
image description
Oz Minerals (OZL)
chart
image description
OZ Minerals (OZL)
chart
image description
OZ Minerals (OZL)
chart
image description
OZ Minerals (OZL)
OZ Minerals (OZL) Chart 24-8-20
chart
image description
OZ Minerals (OZL) Chart – 22/8/20
image description

Relevant suggested news and content from the site

Back to top