Turquoise Hill Resources (TSE:TRQ) PT Lowered to C$2.25 at Canaccord Genuity
Turquoise Hill Resources (TSE:TRQ) (NYSE:TRQ) had its price target decreased by Canaccord Genuity from C$4.50 to C$2.25 in a research report report published on Tuesday, BayStreet.CA reports.
Other equities analysts have also recently issued reports about the company. TD Securities raised their target price on Yellow Pages from C$8.00 to C$9.00 and gave the stock a hold rating in a report on Friday, May 17th. CIBC decreased their target price on Turquoise Hill Resources from C$4.00 to C$3.50 in a report on Monday, March 18th. Finally, Eight Capital cut Turquoise Hill Resources from a buy rating to a neutral rating and decreased their target price for the stock from C$4.50 to C$3.00 in a report on Tuesday.
Shares of Turquoise Hill Resources stock opened at C$0.86 on Tuesday. Turquoise Hill Resources has a one year low of C$0.76 and a one year high of C$3.85. The business has a fifty day moving average of C$1.54. The company has a market cap of $1.63 billion and a PE ratio of 3.96. The company has a current ratio of 6.32, a quick ratio of 2.98 and a debt-to-equity ratio of 49.44.
About Turquoise Hill Resources
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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