Turquoise Hill Resources Ltd (TRQ) Receives Average Rating of “Buy” from Brokerages

Turquoise Hill Resources Ltd (TSE:TRQ) (NYSE:TRQ) has been given an average recommendation of “Buy” by the six research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$5.80.

A number of research analysts recently issued reports on the stock. CIBC boosted their target price on shares of Turquoise Hill Resources from C$5.00 to C$6.00 in a research report on Monday, January 22nd. Scotiabank restated an “outperform” rating and set a C$5.50 target price on shares of Turquoise Hill Resources in a research report on Monday, November 6th.

Turquoise Hill Resources (TSE:TRQ) opened at C$3.54 on Thursday. The stock has a market cap of $7,320.00, a price-to-earnings ratio of 25.29 and a beta of -0.27. Turquoise Hill Resources has a 1 year low of C$3.25 and a 1 year high of C$4.76.

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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)

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