Turquoise Hill Resources Ltd (TRQ) Given Average Rating of “Buy” by Analysts
Turquoise Hill Resources Ltd (TSE:TRQ) (NYSE:TRQ) has been assigned a consensus rating of “Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$5.95.
Several research firms have commented on TRQ. Scotiabank set a C$6.00 target price on shares of Turquoise Hill Resources and gave the stock an “outperform” rating in a research note on Thursday, June 22nd. Eight Capital reaffirmed a “buy” rating on shares of Turquoise Hill Resources in a research note on Thursday, August 17th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a C$5.25 target price on shares of Turquoise Hill Resources in a research note on Thursday, June 22nd.
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Turquoise Hill Resources (TSE:TRQ) traded up 0.51% during trading on Thursday, reaching $3.94. The company’s stock had a trading volume of 2,810,809 shares. Turquoise Hill Resources has a one year low of $3.25 and a one year high of $5.03. The firm has a market capitalization of $7.93 billion and a P/E ratio of 65.67. The stock has a 50-day moving average of $3.82 and a 200 day moving average of $3.89.
Turquoise Hill Resources Company Profile
Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. The company engages in mining copper, gold, silver, and molybdenum. Its principal material mineral resource property is the Oyu Tolgoi copper-gold mine located in the southern Mongolia. The company was formerly known as Ivanhoe Mines Ltd.
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