After Today’s Huge Increase, Is OZ Minerals Limited’s Near-Term Analysis Positive?

 After Today's Huge Increase, Is OZ Minerals Limited's Near Term Analysis Positive?

The stock of OZ Minerals Limited (ASX:OZL) is a huge mover today! The stock increased 6.10% or $0.47 on November 22, hitting $8.17. About 2.88 million shares traded hands or 22.03% up from the average. OZ Minerals Limited (ASX:OZL) has risen 43.59% since April 26, 2016 and is uptrending. It has outperformed by 39.03% the S&P500.
The move comes after 6 months positive chart setup for the $2.48 billion company. It was reported on Nov, 22 by Barchart.com. We have $8.58 PT which if reached, will make ASX:OZL worth $124.00 million more.

More notable recent OZ Minerals Limited (ASX:OZL) news were published by: Bloomberg.com which released: “OZ Minerals Says Gold Output May Miss Guidance on Power Outage” on October 03, 2016, also Fool.com.Au with their article: “OZ Minerals Limited shares surge on broker upgrade: is it a buy?” published on August 11, 2016, Fool.com.Au published: “Here’s why OZ Minerals Limited is in the buy zone” on June 25, 2014. More interesting news about OZ Minerals Limited (ASX:OZL) were released by: Fool.com.Au and their article: “Is OZ Minerals Limited still a buy on profit result?” published on August 10, 2016 as well as Fool.com.Au‘s news article titled: “OZ Minerals Limited shares fall despite huge profit growth” with publication date: February 10, 2016.

OZ Minerals Limited is a mining company with a focus on copper. The company has a market cap of $2.48 billion. The Company’s principal activities are the mining of copper, gold and silver, carrying out exploration activities and development of mining projects. It has a 22.97 P/E ratio.

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