Turquoise Hill Resources Ltd (TSE:TRQ) (NYSE:TRQ) has been assigned an average recommendation of “Buy” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$5.71.

Several brokerages have issued reports on TRQ. Eight Capital reissued a “buy” rating on shares of Turquoise Hill Resources in a research note on Thursday, August 17th. Scotiabank reissued an “outperform” rating and issued a C$5.50 price target on shares of Turquoise Hill Resources in a research note on Tuesday, October 17th. Finally, CIBC reissued an “outperform” rating and issued a C$5.00 price target on shares of Turquoise Hill Resources in a research note on Friday, September 15th.

Shares of Turquoise Hill Resources (TRQ) opened at 3.91 on Tuesday. The firm has a market capitalization of $7.87 billion and a P/E ratio of 65.17. Turquoise Hill Resources has a one year low of $3.25 and a one year high of $5.03. The firm’s 50-day moving average is $3.96 and its 200 day moving average is $3.77.

TRADEMARK VIOLATION WARNING: “Turquoise Hill Resources Ltd (TRQ) Given Consensus Rating of “Buy” by Brokerages” was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/31/turquoise-hill-resources-ltd-trq-given-consensus-rating-of-buy-by-brokerages.html.

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).

Analyst Recommendations for Turquoise Hill Resources (TSE:TRQ)

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 MarketBeat.com's FREE daily email newsletter.