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    OZL   AU000000OZL8

OZ MINERALS LIMITED

(OZL)
  Report
Delayed Australian Stock Exchange  -  01:10 2022-10-05 am EDT
26.64 AUD   +0.53%
10/03Havilah Resources Receives First Payment Under Strategic Alliance Deal With Oz Minerals; Shares Gain 5%
MT
09/26West Musgrave Final Investment Decision - Anglo Pacific Group
AQ
09/25Morgan Stanley rates OZL as Equal-weight
AQ
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Oz Minerals Rejects BHP Takeover Proposal

08/07/2022 | 04:59pm EDT

By Rhiannon Hoyle


Oz Minerals Ltd. has rejected a nonbinding takeover proposal from BHP Group Ltd., saying it significantly undervalues the Australian copper-and-gold mining company.

Adelaide-based Oz Minerals said it received the unsolicited and conditional proposal from the world's largest mining company by market value on Aug. 5 to acquire its shares for 25 Australian dollars (US$17.30) each. Oz Minerals last traded at A$18.92 a share.

BHP already has a stake of less than 5%, the company said.

BHP Chief Executive Mike Henry said he was "disappointed that the Board of OZL has indicated that it is not willing to entertain our compelling offer or provide us with access to due diligence in relation to our proposal."


Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com


(END) Dow Jones Newswires

08-07-22 1859ET

Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP LIMITED 1.07% 40.5 Delayed Quote.22.11%
GOLD -0.79% 1710.59 Delayed Quote.-7.02%
OZ MINERALS LIMITED 0.53% 26.64 Delayed Quote.-6.10%
WTI -0.31% 86.289 Delayed Quote.10.63%
All news about OZ MINERALS LIMITED
10/03Havilah Resources Receives First Payment Under Strategic Alliance Deal With Oz Minerals..
MT
09/26West Musgrave Final Investment Decision - Anglo Pacific Group
AQ
09/25Morgan Stanley rates OZL as Equal-weight
AQ
09/23Materials Shares Fall as U.S. Dollar Soars -- Materials Roundup
DJ
09/23Australian Shares Fall to 12-Week Low Amid Hawkish US Fed
MT
09/23OZ Minerals Board Approves AU$1.13 Billion West Musgrave Copper-Nickel Project
MT
09/22Australia shares hit over two-month low on Fed's stance; banks, tech stocks weigh
RE
09/22Transcript : OZ Minerals Limited - Special Call
CI
09/22OZ Minerals Limited Achieves Final Investment Decision for West Musgrave Project
CI
09/22OZ Minerals to invest $1.1 bln in West Musgrave copper-nickel project
RE
More news
Analyst Recommendations on OZ MINERALS LIMITED
More recommendations
Financials
Sales 2022 1 924 M 1 250 M 1 250 M
Net income 2022 262 M 170 M 170 M
Net Debt 2022 744 M 483 M 483 M
P/E ratio 2022 33,8x
Yield 2022 0,77%
Capitalization 8 871 M 5 764 M 5 764 M
EV / Sales 2022 5,00x
EV / Sales 2023 4,77x
Nbr of Employees 1 043
Free-Float 98,0%
Chart OZ MINERALS LIMITED
Duration : Period :
OZ Minerals Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends OZ MINERALS LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 26,50 AUD
Average target price 25,84 AUD
Spread / Average Target -2,51%
EPS Revisions
Managers and Directors
Andrew Cole Chief Executive Officer, Executive Director & MD
Warrick Ranson Chief Financial Officer
Rebecca Joy McGrath Independent Non-Executive Chairman
Steven McClare Chief Operations Officer-Australia
Tonianne Dwyer Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
OZ MINERALS LIMITED-6.10%5 764
BHP GROUP LIMITED22.11%131 860
RIO TINTO PLC4.03%95 803
GLENCORE PLC33.56%73 723
SAUDI ARABIAN MINING COMPANY (MA'ADEN)82.93%47 014
ANGLO AMERICAN PLC-3.28%40 508