Turquoise Hill Resources Ltd. (TRQ) Receives C$5.71 Consensus Target Price from Analysts
Shares of Turquoise Hill Resources Ltd. (TSE:TRQ) (NYSE:TRQ) have received a consensus rating of “Buy” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$5.71.
A number of research firms recently weighed in on TRQ. Scotiabank reaffirmed an “outperform” rating and issued a C$5.50 target price on shares of Turquoise Hill Resources in a research report on Monday, November 6th. CIBC reaffirmed an “outperform” rating and issued a C$5.00 target price on shares of Turquoise Hill Resources in a research report on Friday, September 15th. Finally, Eight Capital reaffirmed a “buy” rating on shares of Turquoise Hill Resources in a research report on Thursday, August 17th.
Turquoise Hill Resources (TRQ) traded down C$0.05 during trading on Friday, reaching C$3.85. 368,264 shares of the company were exchanged, compared to its average volume of 1,049,573. Turquoise Hill Resources has a 1-year low of C$3.25 and a 1-year high of C$4.92.
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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