Turquoise Hill Resources Ltd (TSE:TRQ) (NYSE:TRQ) has been given an average recommendation of “Buy” by the six brokerages that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$5.95.

Several equities analysts recently commented on TRQ shares. Scotiabank reissued an “outperform” rating and set a C$6.00 price target on shares of Turquoise Hill Resources in a research report on Wednesday, August 2nd. Royal Bank Of Canada reissued a “sector perform” rating and set a C$5.25 price target on shares of Turquoise Hill Resources in a research report on Thursday, June 22nd. Finally, Eight Capital reissued a “buy” rating on shares of Turquoise Hill Resources in a research report on Thursday, August 17th.

Shares of Turquoise Hill Resources (TSE TRQ) opened at 3.99 on Monday. Turquoise Hill Resources has a 1-year low of $3.25 and a 1-year high of $5.03. The company’s 50 day moving average is $3.98 and its 200-day moving average is $3.85. The stock has a market capitalization of $8.03 billion and a price-to-earnings ratio of 66.50.

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About Turquoise Hill Resources

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)

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