Scotiabank Analysts Give Turquoise Hill Resources (TRQ) a C$5.75 Price Target
Turquoise Hill Resources (TSE:TRQ) (NYSE:TRQ) received a C$5.75 target price from equities research analysts at Scotiabank in a report released on Tuesday. The firm currently has an “outperform” rating on the stock. Scotiabank’s price target indicates a potential upside of 27.49% from the stock’s current price.
Shares of Turquoise Hill Resources (TSE TRQ) traded up C$0.06 during midday trading on Tuesday, reaching C$4.51. The company’s stock had a trading volume of 245,489 shares, compared to its average volume of 486,582. The firm has a market cap of $8,930.00, a PE ratio of 32.21 and a beta of -0.14. Turquoise Hill Resources has a 52-week low of C$3.25 and a 52-week high of C$4.92.
Turquoise Hill Resources (TSE:TRQ) (NYSE:TRQ) last announced its quarterly earnings data on Thursday, November 2nd. The company reported C$0.04 earnings per share for the quarter. Turquoise Hill Resources had a return on equity of 2.97% and a net margin of 19.31%.
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Turquoise Hill Resources and related companies with MarketBeat.com's FREE daily email newsletter.