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).



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