Scotiabank Reaffirms “Outperform” Rating for Turquoise Hill Resources (TRQ)

Turquoise Hill Resources (TSE:TRQ) (NYSE:TRQ)‘s stock had its “outperform” rating reissued by research analysts at Scotiabank in a note issued to investors on Friday. They currently have a C$5.75 price objective on the stock. Scotiabank’s price objective indicates a potential upside of 48.39% from the stock’s current price.

A number of other equities research analysts have also recently commented on TRQ. Eight Capital reaffirmed a “buy” rating on shares of Turquoise Hill Resources in a report on Thursday, August 17th. CIBC reaffirmed an “outperform” rating and issued a C$5.00 price target on shares of Turquoise Hill Resources in a report on Friday, September 15th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Turquoise Hill Resources has an average rating of “Buy” and a consensus price target of C$5.75.

Shares of Turquoise Hill Resources (TSE TRQ) traded up C$0.02 during midday trading on Friday, hitting C$3.88. The stock had a trading volume of 216,664 shares, compared to its average volume of 1,036,568. Turquoise Hill Resources has a 12-month low of C$3.25 and a 12-month high of C$4.92.

TRADEMARK VIOLATION WARNING: This piece of content was first published by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another site, it was stolen and reposted in violation of US & international trademark & copyright legislation. The legal version of this piece of content can be viewed at

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)

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's FREE daily email newsletter.

Leave a Reply