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OZ Minerals Limited (OZL.AX)

ASX - ASX Delayed price. Currency in AUD
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26.59+0.46 (+1.76%)
At close: 04:10PM AEST
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Previous close26.13
Bid26.58 x 0
Ask26.61 x 0
Day's range26.10 - 26.73
52-week range15.82 - 29.75
Avg. volume2,404,059
Market cap8.872B
Beta (5Y monthly)1.37
PE ratio (TTM)40.78
EPS (TTM)0.65
Earnings date26 Aug 2022
Forward dividend & yield0.26 (1.37%)
Ex-dividend date24 Feb 2022
1y target est20.94
  • Bloomberg

    OZ Minerals Gives Green Light to A$1.7 Billion Copper Project

    (Bloomberg) -- OZ Minerals Ltd., the target of a takeover attempt by BHP Group Ltd., has approved a A$1.7 billion ($1.1 billion) investment to develop its West Musgrave copper-nickel project in Western Australia.All key regulatory approvals for the project are now in place, and OZ Minerals’ lenders have provided a new A$1.2 billion, 18-month syndicated facility to help develop West Musgrave, the Sydney-listed company said in a statement Friday. The final funding mix may include potential to sell

  • Reuters

    Soaring coal prices lift BHP to highest profit in 11 years

    (Reuters) -BHP Group Ltd reported bumper profits on Tuesday on the back of gains in prices of coal and other commodities, and declined to rule out a second approach in its spurned $6 billion bid for OZ Minerals. Flushed with funds and more nimble after unifying its London and Sydney public holdings, BHP is back looking for acquisitions and on Aug. 8 offered to buy copper and nickel miner OZ Minerals in a A$8.34 billion ($5.8 billion) deal - its second takeover bid in a year. "We have lots of levers for growth and M&A is just one of those levers ... we will remain disciplined," said BHP Chief Executive Officer Mike Henry in an earnings briefing.

  • Reuters

    BHP needs to pay more for EV, clean energy metals as it returns to dealmaking

    SYDNEY/LONDON (Reuters) -BHP must shell out more if it wants to snap up assets like those of OZ Minerals - a play on the future of electrification and decarbonisation, analysts and bankers said, after the miner's unsolicited bid for the nickel and copper company was rebuffed. BHP Group's A$8.34 billion ($5.8 billion), or A$25 per share, bid for OZ Minerals does not fully value its assets in light of the global green energy push, according to some analysts. This is the second rejection that BHP has faced in less than a year, after it backed off from an offer for Canada's nickel miner Noront Resources Ltd, making its return to M&A bumpier than it would have wanted.