Scotiabank Reiterates “Outperform” Rating for Turquoise Hill Resources Ltd (TRQ)

Turquoise Hill Resources Ltd (TSE:TRQ) (NYSE:TRQ)‘s stock had its “outperform” rating reiterated by research analysts at Scotiabank in a research note issued on Tuesday, October 17th. They currently have a C$5.50 price objective on the stock. Scotiabank’s target price points to a potential upside of 37.50% from the company’s previous close.

A number of other analysts also recently issued reports on TRQ. Eight Capital reissued a “buy” rating on shares of Turquoise Hill Resources in a research report on Thursday, August 17th. Royal Bank Of Canada reissued a “sector perform” rating and set a C$5.25 price objective on shares of Turquoise Hill Resources in a research report on Thursday, June 22nd. Finally, CIBC reissued an “outperform” rating and set a C$5.00 price objective on shares of Turquoise Hill Resources in a research report on Friday, September 15th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of C$5.71.

Turquoise Hill Resources (TRQ) traded up C$0.09 during trading hours on Tuesday, reaching C$4.10. The company’s stock had a trading volume of 306,557 shares, compared to its average volume of 619,897. Turquoise Hill Resources has a 52 week low of C$3.25 and a 52 week high of C$5.03.

COPYRIGHT VIOLATION NOTICE: “Scotiabank Reiterates “Outperform” Rating for Turquoise Hill Resources Ltd (TRQ)” was posted by BBNS and is the sole property of of BBNS. If you are accessing this report on another site, it was illegally stolen and reposted in violation of international trademark & copyright law. The legal version of this report can be read at https://baseballnewssource.com/markets/scotiabank-reiterates-outperform-rating-for-turquoise-hill-resources-ltd-trq/1720934.html.

Turquoise Hill Resources Company Profile

Turquoise Hill Resources Ltd. is an international mining company. The Company focuses on the operation and further development of the Oyu Tolgoi copper-gold mine in Southern Mongolia, which is the Company’s principal material mineral resource property. The Company’s Oyu Tolgoi mine is held through approximately 65% interest in Oyu Tolgoi LLC (Oyu Tolgoi) and the remaining approximately 35% interest is held by Erdenes Oyu Tolgoi LLC (Erdenes).

Analyst Recommendations for Turquoise Hill Resources (TSE:TRQ)

Receive News & Ratings for Turquoise Hill Resources Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Turquoise Hill Resources Ltd and related companies with our FREE daily email newsletter.

 


Latest News

Toronto Blue Jays Launch Internal Investigation on PED Use
Toronto Blue Jays Launch Internal Investigation on PED Use
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player


Leave a Reply

 
© 2006-2017 BBNS.