Royal Bank of Canada Lowers OZ Minerals (OTCMKTS:OZMLF) to Underperform

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OZ Minerals (OTCMKTS:OZMLF) was downgraded by investment analysts at Royal Bank of Canada from a “sector perform” rating to an “underperform” rating in a report released on Monday, The Fly reports.

Separately, JPMorgan Chase & Co. cut shares of OZ Minerals from a “neutral” rating to an “underweight” rating in a report on Tuesday, November 12th.

OZMLF stock opened at $7.34 on Monday. The company’s 50-day moving average price is $6.96 and its 200 day moving average price is $6.59. OZ Minerals has a 52 week low of $6.03 and a 52 week high of $7.89.

About OZ Minerals

OZ Minerals Limited engages in the exploration, development, mining, and processing of mining projects in Australia. The company primarily explores for copper, gold, silver, nickel, iron oxide, zinc, and lead deposits. It owns and operates the Prominent Hill mine located in northern South Australia; the Carrapateena project located in South Australia; and the Antas mine located in the state of ParĂ¡ in the northern region of Brazil.

Read More: How is a management fee different from a performance fee?

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