How to buy OZ Minerals (OZL) shares
Learn how to easily invest in OZ Minerals shares.
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OZ Minerals is a copper 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 $2.1 billion. If you're looking to buy shares, check out the steps below.
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 ASX. Our table can help you choose.
- Open and fund your brokerage account. Complete an application with your personal and financial details, such as 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. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
- 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.
- 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.
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
OZ Minerals stock price (ASX:OZL)Use our graph to track the performance of OZL stocks over time.
OZ Minerals shares at a glance
|52-week range||$19.445 - $29.5379|
|50-day moving average||$23.6024|
|200-day moving average||$25.2216|
|Dividend yield||$0.26 (1.26%)|
|Earnings per share (TTM)||$1.596|
Compare share trading platforms
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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
|1 week (2022-06-22)||-9.77%|
|1 month (2022-05-27)||-19.40%|
|3 months (2022-03-29)||-30.63%|
|6 months (2021-12-29)||-34.53%|
|1 year (2021-06-29)||-16.70%|
|2 years (2020-06-29)||73.58%|
|3 years (2019-06-28)||86.04%|
|5 years (2017-06-29)||149.47%|
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 13x. In other words, OZ Minerals shares trade at around 13x 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 $998.1 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||$2.1 billion|
|Operating margin TTM||37.25%|
|Gross profit TTM||$979 million|
|Return on assets TTM||9.71%|
|Return on equity TTM||15.29%|
|Market capitalisation||$7 billion|
TTM: trailing 12 months
OZ Minerals share dividends
Dividend payout ratio: 16.25% of net profits
Recently OZ Minerals has paid out, on average, around 16.25% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.26% 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 1.26% return on their shares, in the form of dividend payments. In OZ Minerals's case, that would currently equate to about A$0.26 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 24 February 2022 (the "ex-dividend date").
Have OZ Minerals's shares ever split?
OZ Minerals's shares were split on a 1:10 basis on 30 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 $19.445 up to $29.5379. 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 1.2443. 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. The company primarily explores for copper, gold, silver, nickel, iron oxide, zinc, and lead deposits. It owns and operates the Prominent Hill mine located in northern South Australia; the Carrapateena project located in South Australia; and the Antas mine located in the state of Pará in the northern region of Brazil. The company also holds interests in the West Musgrave copper-nickel project located in the Musgrave Province, Western Australia; Pedra Branca project located in the southern part of the Carajás in the state of Pará in the North of Brazil; and the CentroGold project located in the state of Maranhão in northern Brazil. In addition, it has interests in the Paraiso, Pantera, Lannavaara, Coompana, and Eloise properties. The company was incorporated in 1932 and is headquartered in Adelaide, Australia.
Stocks similar to OZ Minerals
OZ Minerals in the news
Could The Market Be Wrong About OZ Minerals Limited (ASX:OZL) Given Its Attractive Financial Prospects?
OZ Minerals' (ASX:OZL) five-year earnings growth trails the strong shareholder returns
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