Turquoise Hill Resources’ (TRQ) Sector Perform Rating Reaffirmed at Royal Bank Of Canada
Turquoise Hill Resources Ltd (TSE:TRQ)‘s stock had its “sector perform” rating reiterated by equities researchers at Royal Bank Of Canada in a research note issued on Thursday, StockTargetPrices.com reports. They currently have a C$5.00 target price on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 27.55% from the stock’s current price.
Several other equities analysts also recently weighed in on the company. Canaccord Genuity reiterated a “hold” rating and set a C$4.50 target price on shares of Turquoise Hill Resources in a research report on Wednesday, August 17th. TD Securities reiterated a “buy” rating and set a C$5.50 target price on shares of Turquoise Hill Resources in a research report on Thursday, August 4th. Scotiabank reiterated a “sector perform” rating and set a C$5.50 target price on shares of Turquoise Hill Resources in a research report on Thursday, August 4th. Finally, CIBC boosted their price objective on Turquoise Hill Resources from C$4.50 to C$5.00 in a research report on Wednesday, August 3rd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Turquoise Hill Resources presently has an average rating of “Hold” and a consensus target price of C$5.10.
Shares of Turquoise Hill Resources (TSE:TRQ) traded down 1.28% during trading on Thursday, hitting $3.87. The stock had a trading volume of 241,516 shares. Turquoise Hill Resources has a 12 month low of $2.30 and a 12 month high of $4.72. The company has a market cap of $7.79 billion and a PE ratio of 22.90. The stock has a 50 day moving average of $3.95 and a 200 day moving average of $3.94.
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Turquoise Hill Resources Company Profile
Turquoise Hill Resources Ltd. (Turquoise Hill) 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 located approximately 550 kilometers south of Ulaanbaatar, Mongolia’s capital city, and approximately 80 kilometers north of the Mongolia-China border.
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