Turquoise Hill Resources Ltd (TRQ) Given Outperform Rating at Scotiabank
Scotiabank reissued their outperform rating on shares of Turquoise Hill Resources Ltd (TSE:TRQ) (NYSE:TRQ) in a research note published on Monday morning. They currently have a C$5.50 price objective on the stock.
Several other research analysts also recently weighed in on the stock. CIBC restated an outperform rating and issued a C$5.00 target price on shares of Turquoise Hill Resources in a research note on Friday, September 15th. Eight Capital reiterated a buy rating on shares of Turquoise Hill Resources in a research note on Thursday, August 17th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of C$5.71.
Turquoise Hill Resources (TSE TRQ) traded down C$0.04 during trading hours on Monday, hitting C$4.05. 162,729 shares of the stock were exchanged, compared to its average volume of 603,854. Turquoise Hill Resources has a twelve month low of C$3.25 and a twelve month high of C$5.03.
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).
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