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    OZL   AU000000OZL8

OZ MINERALS LIMITED

(OZL)
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Mining, energy stocks push Australian shares to new high, OZ Minerals shines

07/26/2021 | 09:32pm EDT

July 27 (Reuters) - Australian shares climbed to a record on Tuesday as mining and energy stocks jumped on firm commodity prices, with OZ Minerals rising to the top of the benchmark on gold output forecast hike.

The S&P/ASX 200 index rose 0.3% to 7,414.2 by 1247 GMT, after closing flat in the previous session.

Miners climbed 1.8% after iron ore and copper prices rose overnight as floods in top consumer China sparked demand hopes at a time when inventories were falling.

OZ minerals surged 9.8% and was on track for its best day since March 2020 after it raised its annual gold output forecast and reported a 33% jump in its second-quarter copper output.

Energy stocks gained more than 1%, helped by firm oil prices.

Shares of Oil Search were 0.25% higher after the Papua New Guinea-focused oil and gas producer reported a 38% jump in its second-quarter revenue and reaffirmed its annual production forecast.

Financials were up 0.3% with the big four banks gaining between 0.04% and 0.5%.

Tech stocks shed about 0.9% with sector heavyweights Afterpay and Xero falling 2.4% and 2.3% respectively.

Meanwhile, Victoria state looked set to come out of a hard COVID-19 lockdown after reporting fewer new cases on Tuesday, while neighbouring New South Wales rushed to trace thousands after detecting fresh virus clusters.

Across the Tasman sea, New Zealand's benchmark S&P/NZX 50 index fell 0.3% to 12,638.25.

New Zealand-based industrial machinery maker ikeGPS Group was on track for its best day in a month after reporting a 12% rise in its quarterly revenue. (Reporting by Tejaswi Marthi in Bengaluru; Editing by Subhranshu Sahu)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AFTERPAY LIMITED 0.88% 126.71 End-of-day quote.7.38%
IKEGPS GROUP LIMITED -2.83% 1.03 End-of-day quote.-4.63%
LONDON BRENT OIL 0.97% 75.28 Delayed Quote.45.09%
OIL SEARCH LIMITED 1.08% 3.76 End-of-day quote.1.35%
OZ MINERALS LIMITED -1.41% 21.71 End-of-day quote.14.99%
S&P/ASX 200 0.36% 7299.7 Real-time Quote.10.04%
WTI 1.00% 71.41 Delayed Quote.48.70%
XERO LIMITED 0.88% 147.69 End-of-day quote.0.59%
All news about OZ MINERALS LIMITED
09/13Oz Minerals Limited Announces Coherent Em Conductor Identified At Breena Plains
CI
09/07OZ MINERALS LIMITED : - Operations resume at Prominent Hill
AQ
09/06OZ MINERALS : Resumes Operations at South Australia's Prominent Hill Mine
MT
09/06OZ Minerals’s Operations Resume at Prominent Hill
CI
09/06OZ MINERALS : Prominent Hill Incident Notification
AQ
09/06OZ MINERALS : Temporarily Suspends Operations at Prominent Hill Mine Following Fatal Incid..
MT
08/23Resolution Minerals Limited Significant Farm-In Agreement with Oz Minerals Wollogorang ..
CI
08/23OZ MINERALS LIMITED : Ex-dividend day for interim dividend
FA
08/23OZ MINERALS LIMITED : Ex-dividend day for extraordinary dividend
FA
08/18OZ MINERALS : Green Light for Prominent Hill Wira Shaft Mine Expansion
AQ
More news
Analyst Recommendations on OZ MINERALS LIMITED
More recommendations
Financials
Sales 2021 2 052 M 1 485 M 1 485 M
Net income 2021 544 M 394 M 394 M
Net Debt 2021 584 M 423 M 423 M
P/E ratio 2021 13,3x
Yield 2021 1,58%
Capitalization 7 244 M 5 234 M 5 244 M
EV / Sales 2021 3,82x
EV / Sales 2022 3,74x
Nbr of Employees 788
Free-Float 98,4%
Chart OZ MINERALS LIMITED
Duration : Period :
OZ Minerals Limited Technical Analysis Chart | OZL | AU000000OZL8 | MarketScreener
Technical analysis trends OZ MINERALS LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 21,71 AUD
Average target price 24,07 AUD
Spread / Average Target 10,9%
EPS Revisions
Managers and Directors
Andrew Cole Chief Executive Officer, Executive Director & MD
Warrick Ranson Chief Financial Officer
Rebecca Joy McGrath Independent Non-Executive Chairman
Steven McClare Chief Operations Officer-Australia
Tonianne Dwyer Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
OZ MINERALS LIMITED14.99%5 234
BHP GROUP-11.03%133 609
RIO TINTO PLC-13.95%106 031
ANGLO AMERICAN PLC2.04%41 663
GRUPO MÉXICO, S.A.B. DE C.V.-1.30%31 745
SAUDI ARABIAN MINING COMPANY (MA'ADEN)95.80%26 121