OZ Minerals (OZL.AX) Stock Price
OZ Minerals Price
OZ Minerals (OZL.AX) Stock | ISIN AU000000OZL8 | WKN A0Q657. OZ Minerals operates in the Commodities sector.
Over the last 19 years OZ Minerals grew revenue by 17.6% annually, reaching 1.92 B AUD. Earnings per share have grown at 10.4% per year over the last 19 years. For OZ Minerals, the net margin of 10.8% is down versus 19.9% a few years ago. The payout ratio is around 60% of earnings. The dividend has grown at 14.9% per year over the past 16 years.
OZ Minerals stock price
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Stock Price
ⓘHow to Read This Chart
This chart tracks the historical stock price of OZ Minerals over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.
Total Return vs. Price Return
The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.
Intraday Price Data
When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how OZ Minerals stock reacts to market openings, earnings releases, or breaking news throughout the trading session.
What to Look For
Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing OZ Minerals's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.
| Date | OZ Minerals Price |
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OZ Minerals Revenue, EBIT, Net Income
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OZ Minerals Income Statement, Balance Sheet, Cash Flow Statement
| REVENUE (B AUD) |
|---|
| REVENUE GROWTH (%) |
| GROSS MARGIN (%) |
| GROSS INCOME (M AUD) |
| NET INCOME (B AUD) |
| NET INCOME GROWTH (%) |
| DIVIDEND (AUD)DIV. (AUD) |
| DIVIDEND GROWTH (%)DIV. GROWTH (%) |
| SHARES (M) |
| DOCUMENTS |
| 2023e | 2024e | 2025e | 2026e | 2027e | 2028e | 2029e | 2030e |
|---|---|---|---|---|---|---|---|
| 2.22 | 2.25 | 2.72 | 2.87 | 3.73 | 4.27 | 4.33 | 4.22 |
| 15.36 | 1.72 | 20.68 | 5.48 | 29.99 | 14.4 | 1.52 | -2.61 |
| 25.51 | 25.08 | 20.78 | 19.7 | 15.16 | 13.25 | 13.05 | 13.4 |
| 565 | 565 | 565 | 565 | 565 | 565 | 565 | 565 |
| 0.37 | 0.45 | 0.63 | 0.53 | 0.79 | 0.99 | 1.11 | 1.07 |
| 78.26 | 21.14 | 40.04 | -15.18 | 48.4 | 26.02 | 11.78 | -4.05 |
| 2.5 | 0.56 | 0.91 | - | - | - | - | - |
| 575.68 | -77.6 | 62.5 | – | – | – | – | – |
| 336.19 | 336.19 | 336.19 | 336.19 | 336.19 | 336.19 | 336.19 | 336.19 |
| – | – | – | – | – | – | – | – |
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Income Statement Key Figures
ⓘRevenue and Revenue Growth
Revenue is the starting point of every income statement — it measures the total sales OZ Minerals generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.
Gross Margin
Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue OZ Minerals retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare OZ Minerals's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.
EBIT and EBIT Margin
EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.
Net Income and Earnings Per Share (EPS)
Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.
Shares Outstanding
The total number of shares OZ Minerals has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.
Analyst Estimates
The projected figures represent consensus estimates from professional analysts. Compare these forecasts against OZ Minerals's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.
OZ Minerals stock margins
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OZ Minerals Stock Revenue, EBIT, Earnings per Share
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OZ Minerals business model & stock analysis
OZ Minerals SWOT Analysis
Strengths
[ { "text": "Established", "heading": "1." } ]
OZ Minerals Ltd has a strong and recognized presence in the mining industry, with a history spanning several decades. This positions the company favorably in terms of brand reputation and industry relationships.
[ { "text": "Diverse", "heading": "2." } ]
The company has a diversified portfolio of minerals, including copper, gold, and others. This diversity helps OZ Minerals to mitigate risks associated with fluctuations in commodity prices, ensuring a more stable revenue stream.
[ { "text": "Operational", "heading": "3." } ]
OZ Minerals prides itself on its operational efficiency, implementing cost-effective and sustainable mining practices. This enables the company to maximize productivity while minimizing environmental impact, enhancing its competitiveness.
Weaknesses
[ { "text": "Dependence", "heading": "1." } ]
As a mining company, OZ Minerals is susceptible to external factors such as commodity price fluctuations, regulatory changes, and geopolitical risks. This can influence the company's profitability and operational stability.
[ { "text": "Limited", "heading": "2." } ]
While OZ Minerals has established a strong market presence, its operations are primarily focused in Australia. This geographical concentration exposes the company to regional economic and political risks, potentially impacting its growth opportunities.
Opportunities
[ { "text": "Growing", "heading": "1." } ]
With increasing global demand for copper, OZ Minerals can capitalize on this opportunity by expanding its copper mining operations. This can potentially lead to higher revenues and market share in the industry.
[ { "text": "Acquisitions", "heading": "2." } ]
OZ Minerals has the opportunity to strategically acquire or enter into partnerships with other mining companies to diversify its portfolio or gain access to new mineral deposits. This can contribute to the company's long-term growth and enhance its competitive position.
Threats
[ { "text": "Competition", "heading": "1." } ]
The mining industry is highly competitive, with price volatility being a significant threat. OZ Minerals faces competition from other global mining companies, and fluctuations in commodity prices can impact its profitability and market position.
[ { "text": "Environmental", "heading": "2." } ]
Increasing focus on environmental sustainability and social responsibility introduces regulatory risks and compliance challenges for OZ Minerals. Failure to comply with environmental regulations or meet community expectations can lead to reputational damage and operational disruptions.
OZ Minerals Eulerpool Fair Value
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Fair Value Estimate
ⓘWhat Is Fair Value?
Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.
Earnings-Based Fair Value
Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.
Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021
Revenue-Based Fair Value
Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"
Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021
Dividend-Based Fair Value
Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.
Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021
How to Use This Chart
When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.
OZ Minerals historical P/E ratio, EBIT multiple, and P/S ratio
OZ Minerals annual returns
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Annual Return
ⓘWhat This Chart Shows
This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.
Price Return
Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.
Dividend Return
Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.
What to Look For
Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.
OZ Minerals shares outstanding
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OZ Minerals Dividend History
17 years of dividend payments · 3 consecutive increases
OZ Minerals dividend history and estimates
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OZ Minerals dividend payout ratio
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OZ Minerals Earnings Estimates
OZ Minerals Earnings Estimates
| Date | EPS estimate | Revenue Estimate | Quarterly report |
|---|---|---|---|
| 8/23/2023 | 0.54AUD | 1.08 BAUD | 2023 Q2 |
| 2/20/2023 | 0.09AUD | 881.58 MAUD | 2022 Q4 |
| 8/26/2022 | 0.33AUD | 922.88 MAUD | 2022 Q2 |
| 2/21/2022 | 0.96AUD | 1.17 BAUD | 2021 Q4 |
| 8/18/2021 | 0.55AUD | 889.8 MAUD | 2021 Q2 |
| 2/18/2021 | 0.4AUD | 784.68 MAUD | 2020 Q4 |
| 8/19/2020 | 0.14AUD | 581.3 MAUD | 2020 Q2 |
| 2/18/2020 | 0.56AUD | 694.25 MAUD | 2019 Q4 |
| 8/28/2019 | 0.09AUD | 425.3 MAUD | 2019 Q2 |
| 2/22/2018 | 0.56AUD | 591.15 MAUD | 2017 Q4 |
OZ Minerals shareholder structure
| % | Name |
|---|---|
4.97328% | |
3.17205% | |
2.57602% | |
2.06811% | |
2.02799% | |
1.98943% | |
1.65164% | |
1.46553% | |
1.41803% | |
1.30979% |
OZ Minerals Executives and Management Board
Mr. Andrew Cole
Chief Executive Officer, Managing Director, Director · since 2009
Mr. Warrick Ranson
Chief Financial Officer
Mr. Mark Irwin
Chief Commercial Officer
Ms. Rebecca Mcgrath
Non-Executive Independent Chairman of the Board
Mr. Peter Wasow
Non-Executive Independent Director
Frequently asked questions about OZ Minerals
The business model of OZ Minerals Ltd involves the exploration, development, mining, and processing of base and precious metals. As a leading Australian mining company, OZ Minerals focuses on copper and gold production. With a strong emphasis on sustainable mining practices, the company ensures responsible resource extraction while minimizing environmental impacts. OZ Minerals operates several mining projects across Australia, including the Prominent Hill, Carrapateena, and West Musgrave mines. By leveraging its technical expertise and innovative approaches, OZ Minerals strives to deliver value to its shareholders, stakeholders, and communities through efficient operations and long-term growth prospects.
OZ Minerals stock
OZ Minerals Peer Group
OZ Minerals Ticker
OZ Minerals FIGI
All fundamentals and in-depth analysis of OZ Minerals
Our stock analysis for OZ Minerals Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of OZ Minerals Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.