How to buy OZ Minerals (OZL) shares

Learn how to easily invest in OZ Minerals shares.

OZ Minerals Limited
AU: OZL - AUD
COPPER
A$23.17
+ A$0.20 ( + 0.87%)

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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 in Australian Dollars. OZ Minerals has a trailing 12-month revenue of around $1.8 billion. If you're looking to buy shares, check out the steps below.

How to buy shares in OZ Minerals

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.

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 2021-09-24.
52-week range$13.0955 - $27.0461
50-day moving average $22.9432
200-day moving average $23.4339
Target price$24.59
PE ratio 19.0386
Dividend yield $0.25 (1.09%)
Earnings per share (TTM) $1.217

Compare share trading platforms

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.
Name Product Standard brokerage fee Inactivity fee Markets
IG Share Trading
AUD $8 or 0.1%
$50 per quarter if you make fewer than three trades in that period
ASX shares, Global shares
$0 brokerage for US and global shares plus get an active trader discount of $5 commission on Australian shares.
Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, plus get access to 24-hour customer support.
Superhero share trading
AUD $5
No
ASX shares, US shares
Australia’s lowest-cost broker for ASX shares and ETFs.
Pay zero brokerage on US stocks and all ETFs and just $5 (flat fee) to trade Australian shares from your mobile or desktop.
ThinkMarkets Share Trading
AUD $8
No
ASX shares
Limited-time offer: Get 10 free ASX trades ($0 brokerage) when you open a share trading account with ThinkMarkets(T&Cs apply).$8 flat fee brokerage for CHESS Sponsored ASX stocks (HIN ownership), plus free live stock price data on an easy to use mobile app.
Saxo Capital Markets (Classic account)
AUD $5
No
ASX shares, Global shares, Forex, CFDs, Margin trading, Options trading, ETFs
Access 19,000+ stocks on 40+ exchanges worldwide
Low fees for Australian and global share trading, no inactivity fees, low currency conversion fee and optimised for mobile.
CMC Markets Invest
AUD $11 or 0.1%
No
ASX shares, Global shares, mFunds, ETFs
$0 brokerage on global shares including US, UK and Japan markets.
Trade up to 9,000 products, including shares, ETFs and managed funds, plus access up to 15 major global and Australian stock exchanges.
HSBC Online Share Trading
AUD $19.95
No
ASX shares, mFunds, ETFs, Bonds
Limited time offer: Get up to $100 in brokerage rebates on your first 5 trades when you sign up to a HSBC Online Share Trading account (T&Cs apply). Make trades online with brokerage fees starting from just $19.95 with an HSBC Online Share Trading account. Plus gain access to complimentary expert research, trading ideas and tools.
Bell Direct Share Trading
AUD $15
No
ASX shares, mFunds, ETFs
Invest in Australian shares, options and managed funds from the one account with no inactivity fee.
Bell Direct offers a one-second placement guarantee on market-to-limit ASX orders or your trade is free, plus enjoy extensive free research reports from top financial experts.
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Compare up to 4 providers

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

Historical closes compared with the last close of A$23.17

1 week (2021-09-16) -4.37%
1 month (2021-08-26) 4.13%
3 months (2021-06-25) 2.03%
6 months (2021-03-26) 1.76%
1 year (2020-09-25) 63.86%
2 years (2019-09-26) 140.85%
3 years (2018-09-26) 146.49%
5 years (2016-09-26) 268.95%

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 19x. In other words, OZ Minerals shares trade at around 19x 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 $820.3 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 $1.8 billion
Operating margin TTM 34.83%
Gross profit TTM $504.8 million
Return on assets TTM 8.5%
Return on equity TTM 12.37%
Profit margin 22.91%
Book value 10.473
Market capitalisation $7.7 billion

TTM: trailing 12 months

OZ Minerals share dividends

20%

Dividend payout ratio: 20.49% of net profits

Recently OZ Minerals has paid out, on average, around 20.49% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.12% 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 1.12% return on their shares, in the form of dividend payments. In OZ Minerals's case, that would currently equate to about A$0.25 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 22 August 2021 (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 $13.0955 up to $27.0461. A popular way to gauge a stock's volatility is its "beta".

OZL.AU volatility(beta: 1.08)Avg. volatility(beta: 1.00)LowHigh

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 1.0827. 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.

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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