Turquoise Hill Resources’ (TRQ) Outperform Rating Reiterated at Scotiabank
Turquoise Hill Resources Ltd (TSE:TRQ) (NYSE:TRQ)‘s stock had its “outperform” rating reiterated by Scotiabank in a research note issued on Monday. They presently have a C$5.50 target price on the stock. Scotiabank’s price objective indicates a potential upside of 34.47% from the stock’s previous close.
Other analysts also recently issued reports about the stock. CIBC reissued an “outperform” rating and issued a C$5.00 target price on shares of Turquoise Hill Resources in a research report on Friday, September 15th. Eight Capital reissued a “buy” rating on shares of Turquoise Hill Resources in a research report on Thursday, August 17th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of C$5.71.
Shares of Turquoise Hill Resources (TSE:TRQ) traded up C$0.09 on Monday, reaching C$4.09. 574,183 shares of the company were exchanged, compared to its average volume of 619,897. Turquoise Hill Resources has a 52-week low of C$3.25 and a 52-week high of C$5.03.
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).
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.