OZ Minerals Limited : The upward trend should continue
10/23/2020 | 02:45am EST
Entry price :
15.97AUD | Target : 19.05AUD | Stop-loss : 14.2AUD | Potential : 19.29%
The recent break-out to the upside has created potential for further gains for shares in OZ Minerals Limited. Investors have an opportunity to buy the stock and target the AUD 19.05.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria. The company has solid fundamentals for a short-term investment strategy.
The prospective high growth for the next fiscal years is among the main assets of the company The group's activity appears highly profitable thanks to its outperforming net margins. Thanks to a sound financial situation, the firm has significant leeway for investment. Historically, the company has been releasing figures that are above expectations. Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects. Over the past year, analysts have regularly revised upwards their sales forecast for the company. For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised. For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year. The stock is in a well-established, long-term rising trend above the technical support level at 10.19 AUD
Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity. The company is not the most generous with respect to shareholders' compensation.
Subsector Integrated Mining
1st jan. Capitalization (M$) Investor Rating
OZ MINERALS LIMITED 52.89% 3 933
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1 293 M
Net income 2020
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P/E ratio 2020
5 344 M
3 933 M
3 944 M
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