Turquoise Hill Resources Ltd Stock Rating Upgraded by TD Securities (TRQ)
Turquoise Hill Resources Ltd (TSE:TRQ) was upgraded by stock analysts at TD Securities from a “reduce” rating to a “hold” rating in a report issued on Monday, Stock Ratings Network.com reports. The firm currently has a C$4.50 price objective on the stock, up from their previous price objective of C$3.25. TD Securities’ price target indicates a potential upside of 10.57% from the stock’s previous close.
Turquoise Hill Resources Ltd (TSE:TRQ) traded up 1.47% during mid-day trading on Monday, hitting $4.13. The stock had a trading volume of 270,416 shares. Turquoise Hill Resources Ltd has a 52 week low of $3.20 and a 52 week high of $9.03. The stock has a 50-day moving average of $3.63 and a 200-day moving average of $4.70.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets upgraded shares of Turquoise Hill Resources Ltd from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, December 17th. They now have a C$4.50 price target on the stock, down previously from C$5.50. Separately, analysts at CIBC cut their price target on shares of Turquoise Hill Resources Ltd from C$5.50 to C$4.85 in a research note to investors on Wednesday, November 27th. They now have an “underperform” rating on the stock. Finally, analysts at CIBC cut their price target on shares of Turquoise Hill Resources Ltd from C$6.00 to C$5.50 in a research note to investors on Friday, November 15th. They now have an “underperform” rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of C$5.17.
Turquoise Hill Resources Ltd., formerly Ivanhoe Mines Ltd., is an international mineral exploration and development company.
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