OZ Minerals was removed from our ASX100 model late last year after generating 144% return.
The stock is now under algo sell conditions.
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OZL reported FY18 earnings that beat consensus with NPAT of A$228m. Dividends were lifted to $0.15
We’re buyers of OZL on the next algo engine buy signal. We will remain patient as the general price backdrop for resources is over extended in the short-term.
