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OZ Minerals is a metals & mining business based in Australia. OZ Minerals shares (OZL) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian dollars. OZ Minerals has a trailing 12-month revenue of around $1.9 billion. If you're looking to buy shares, check out the steps below.
How to buy shares in OZ Minerals
To buy shares listed in Australia such as OZ Minerals, you'll need to sign up to a broker with access to the ASX. Our table can help you compare share trading platforms and choose. Then follow these steps.
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Open and fund your brokerage account. Complete an application with your personal and financial details, including your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
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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.
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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. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
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Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
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Check on your investment. Congratulations, you own a part of OZ Minerals. Optimise your portfolio by tracking how your stock and 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 affect your stock.
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OZ Minerals stock price (ASX:OZL)
Use our graph to track the performance of OZL stocks over time.OZ Minerals shares at a glance
Information last updated 2023-06-03.
| 52-week range | $28.19 - $28.19 |
|---|---|
| 50-day moving average | $28.073 |
| 200-day moving average | $26.6002 |
| Target price | $27.6 |
| PE ratio | 45.4677 |
| Dividend yield | $0.08 (0.92%) |
| Earnings per share (TTM) | $0.62 |
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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
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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. However, this is not a recommendation. 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
Historical closes compared with the last close of A$28.19
| 1 year (2023-04-24) | 28.19 |
|---|---|
| 2 years (2022-04-22) | 14.83% |
| 3 years (2021-04-23) | 16.10% |
| 5 years (2019-04-24) | 170.54% |
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 45x. In other words, OZ Minerals shares trade at around 45x recent earnings.
That's relatively high compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
OZ Minerals's EBITDA
OZ Minerals's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $564.8 million (£0.0 million).
The EBITDA is a measure of a OZ Minerals's overall financial performance and is widely used to measure stock profitability.
OZ Minerals financials
| Revenue TTM | $1.9 billion |
|---|---|
| Operating margin TTM | 17.89% |
| Gross profit TTM | $666.2 million |
| Return on assets TTM | 3.78% |
| Return on equity TTM | 5.43% |
| Profit margin | 10.79% |
| Book value | 11.683 |
| Market capitalisation | $9.5 billion |
TTM: trailing 12 months
OZ Minerals share dividends
Dividend payout ratio: 2.95% of net profits
Recently OZ Minerals has paid out, on average, around 2.95% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.92% 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 0.92% return on their shares, in the form of dividend payments. In OZ Minerals's case, that would currently equate to about A$0.08 per share.
While OZ Minerals's payout ratio might seem low, this can signify that OZ Minerals is investing more in its future growth.
The latest dividend was paid out to all shareholders who bought their shares by 19 April 2023 (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 the split, the next day you would own 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 $28.19 up to $28.19. A popular way to gauge a stock's volatility is its "beta".
Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while OZ Minerals's is 1.0355. This would suggest that OZ Minerals's shares are a little bit more volatile than the average for this exchange and represent, relatively speaking, a slightly higher risk (but potentially also market-beating returns).
OZ Minerals overview
OZ Minerals Limited engages in the exploration, development, mining, and processing of mining projects in Australia. It primarily explores for copper, gold, silver, and nickel deposits. The company owns and operates the Prominent Hill mine located in South Australia; the Carrapateena project located in South Australia; the Carajás in the state of Pará in the North of Brazil; and the West Musgrave copper-nickel project located in the Musgrave Province, Western Australia. It also holds interests in Mt Woods and the Stuart Shelf in South Australia; and the CentroGold project in the state of Maranhão in northern Brazil. The company was incorporated in 1932 and is headquartered in Adelaide, Australia. As of May 2, 2023, OZ Minerals Limited operates as a subsidiary of BHP Lonsdale Investments Pty Ltd.
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OZ Minerals in the news
Frequently asked questions
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
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