Turquoise Hill Resources Ltd (TSE:TRQ) (NYSE:TRQ) reached a new 52-week low during mid-day trading on Friday . The company traded as low as C$3.19 and last traded at C$3.27, with a volume of 528404 shares. The stock had previously closed at C$3.24.

Separately, Scotiabank set a C$5.25 target price on shares of Turquoise Hill Resources and gave the stock an “outperform” rating in a report on Monday, May 14th.

Turquoise Hill Resources Company Profile

Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. The company explores for copper, gold, silver, and molybdenum deposits. It primarily develops and operates the Oyu Tolgoi mine located in the southern Mongolia. The company was formerly known as Ivanhoe Mines Ltd.

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