OZ Minerals – Algo Buy Signal

OZ Minerals is on our radar following the price retracement back to $8.60.

We expect buying support to build and the short-term indicators to turn positive.

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1H19 EBITDA of $163m and NPAT of $44m were broadly in line with consensus and the interim dividend was 8c.  Forward yield is 4.5%. 

Accumulate OZL.

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