Turquoise Hill Resources (TSE:TRQ) (NYSE:TRQ) had its price target cut by Scotiabank from C$5.75 to C$5.00 in a research note published on Tuesday. They currently have an outperform rating on the stock.
Separately, CIBC boosted their price objective on Turquoise Hill Resources from C$5.00 to C$6.00 in a research note on Monday, January 22nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Turquoise Hill Resources presently has an average rating of Buy and a consensus price target of C$5.65.
Shares of Turquoise Hill Resources (TSE TRQ) opened at C$3.54 on Tuesday. Turquoise Hill Resources has a one year low of C$3.25 and a one year high of C$4.71. The stock has a market capitalization of $7,120.00, a price-to-earnings ratio of 25.29 and a beta of -0.27.
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).
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