OZL – Macquarie rates the stock as Outperform

Incorporating changes to copper and gold price forecasts has enhanced Macquarie’s preference for copper miners. OZ Minerals remains a key sector pick. Outperform retained. Target rises to $32 from $30.

Sector: Materials.

 

Target price is $32.00.Current Price is $22.02. Difference: $9.98 – (brackets indicate current price is over target). If OZL meets the Macquarie target it will return approximately 31% (excluding dividends, fees and charges – negative figures indicate an expected loss).

 

 

About Broker News

FNArena's Australian Broker Call, is your daily news report on the latest recommendation, valuation, forecast and opinions recently published by Stockbrokers.

View more articles by Broker News →