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SHARECAFE COMMENTARY

OZL - UBS rates the stock as Buy
BY BROKER NEWS - 12/04/2017 | VIEW MORE BROKER UPDATES

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OZL - OZ MINERALS LIMITED


UBS cuts gold price forecast by around -5% and believes the sector is looking expensive. Elsewhere, the broker remains positive on copper and nickel.

The broker remains cautious on the direction of gold and focuses on company-specific events as a driver of share prices.

Gold represents around 20% of the company's revenues on the broker's numbers. Despite the short-term headwinds the stock remains the broker's pick in the copper space. Buy rating retained. Target is reduced to $10.50 from $11.00.

Sector: Materials.

Target price is $10.50.Current Price is $8.20. Difference: $2.30 - (brackets indicate current price is over target). If OZL meets the UBS target it will return approximately 22% (excluding dividends, fees and charges - negative figures indicate an expected loss).



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The content of this information does in no way reflect the opinions of FN Arena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FN Arena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FN Arena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.

 

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