OZ Minerals Limited is a copper business based in Australia. OZ Minerals shares (OZL) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $14.2 – a decrease of 4.05% over the previous week. OZ Minerals has a trailing 12-month revenue of around $1.3 billion.
How to buy shares in OZ Minerals
- Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
- Search for OZ Minerals. Find the share by name or ticker symbol: OZL. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until OZ Minerals reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At today's price of $14.2, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- Check in on your investment. Congratulations, you own a part of OZ Minerals. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What's in this guide?
- OZ Minerals key stats
- Compare share trading platforms
- Is OZ Minerals stock a buy or sell?
- OZ Minerals performance over time
- Are OZ Minerals shares over-valued?
- OZ Minerals's financials
- How volatile are OZ Minerals shares?
- Does OZ Minerals pay a dividend?
- Have OZ Minerals shares ever split?
- Other common questions
How has coronavirus impacted OZ Minerals's share price?
Since the stock market crash in March caused by coronavirus, OZ Minerals's share price has had significant positive movement.
Its last market close was $14.2, which is 30.35% up on its pre-crash value of $9.89 and 143.57% up on the lowest point reached during the March crash when the shares fell as low as $5.83.
If you had bought $1,000 worth of OZ Minerals shares at the start of February 2020, those shares would have been worth $616.25 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,460.90.
OZ Minerals share priceUse our graph to track the performance of OZL stocks over time.
OZ Minerals shares at a glance
|Latest market close||AUDA$14.2|
|52-week range||AUDA$5.83 - AUDA$15.07|
|50-day moving average||AUDA$14.3597|
|200-day moving average||AUDA$10.789|
|Dividend yield||AUDA$0.23 (1.58%)|
|Earnings per share (TTM)||AUDA$0.617|
Standard brokerage - Australian shares
Share Trading Account Offer
Competitive broker fees on Australian and international shares
- Brokerage - AU shares: From AUD 5 or 0.05%
- Brokerage - US shares: USD 0
- Sign-up process: Instant
- Support - After hours: Yes
Important: Share trading carries risk of capital loss.
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Is it a good time to buy OZ Minerals stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
OZ Minerals price performance over time
|1 week (2020-09-14)||-4.18%|
|1 month (2020-08-21)||0.14%|
|3 months (2020-06-19)||36.54%|
|6 months (2020-03-20)||123.27%|
|1 year (2019-09-20)||46.24%|
|2 years (2018-09-21)||52.69%|
|3 years (2017-09-21)||86.35%|
|5 years (2015-09-21)||302.27%|
Is OZ Minerals under- or over-valued?
Valuing OZ Minerals stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of OZ Minerals's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
OZ Minerals's P/E ratio
OZ Minerals's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 24x. In other words, OZ Minerals shares trade at around 24x recent earnings.
That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
OZ Minerals's EBITDA
OZ Minerals's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $410.2 million (£0.0 million).
The EBITDA is a measure of a OZ Minerals's overall financial performance and is widely used to measure a its profitability.
OZ Minerals financials
|Revenue TTM||$1.3 billion|
|Operating margin TTM||22.09%|
|Gross profit TTM||$461.5 million|
|Return on assets TTM||4.61%|
|Return on equity TTM||6.78%|
|Market capitalisation||$4.7 billion|
TTM: trailing 12 months
OZ Minerals share dividends
Dividend payout ratio: 37.28% of net profits
Recently OZ Minerals has paid out, on average, around 37.28% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.58% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), OZ Minerals shareholders could enjoy a 1.58% return on their shares, in the form of dividend payments. In OZ Minerals's case, that would currently equate to about A$0.23 per share.
While OZ Minerals's payout ratio might seem fairly standard, it's worth remembering that OZ Minerals may be investing much of the rest of its net profits in future growth.
The latest dividend was paid out to all shareholders who bought their shares by 16 September 2020 (the "ex-dividend date").
Have OZ Minerals's shares ever split?
OZ Minerals's shares were split on a 1:10 basis on 29 May 2011. So if you had owned 10 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your OZ Minerals shares – just the quantity. However, indirectly, the new 900% higher share price could have impacted the market appetite for OZ Minerals shares which in turn could have impacted OZ Minerals's share price.
OZ Minerals share price volatility
Over the last 12 months, OZ Minerals's shares have ranged in value from as little as $5.83 up to $15.07. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while OZ Minerals's is 1.3054. This would suggest that OZ Minerals's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
OZ Minerals overview
OZ Minerals Limited engages in the exploration, development, mining, and processing of mineral projects in Australia. The company primarily explores for copper, gold, silver, nickel, iron oxide, zinc, and lead deposits. Its principal property is the Prominent Hill mine located in northern South Australia. The company was founded in 2008 and is headquartered in Adelaide, Australia.
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