The year 2021 has been phenomenal for commodities. The prices of several commodities, including iron ore, copper, silver, and aluminium, are soaring high. 2020 saw strong demand for silver and more momentum is forecast for 2021. So far this year, particularly in the second quarter, silver is retracing its 2020 price and is currently trading around USD 27.67 per ounce.
Many market pundits use the gold and silver ratio to know the price scenario. The ratio is simply the spot price of one ounce of gold to the spot price of one ounce of silver. If the value of the ratio is higher, it means more silver would be required to buy one ounce of gold and vice versa. The gold-silver ratio has been in a downtrend since 2020.
ASX-100 listed OZ Minerals is an international mineral explorer with silver assets in South Australia. The Company is majorly focused on copper exploration and production. The Prominent Hill and Carrapateena operations in South Australia are the major centres for copper, gold, and silver production for the Company.
The Company paid a dividend of $0.08 per share in March 2021. In the last three months, SFR shares have yielded an impressive return of 28% to its shareholders. The stock was trading at $7.190 on 24 May
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