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.
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).
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.