Turquoise Hill Resources Ltd (TSE:TRQ)‘s stock had its “sector perform” rating reaffirmed by analysts at Royal Bank Of Canada in a research report issued to clients and investors on Thursday, StockTargetPrices.com reports. They currently have a C$5.00 target price on the stock. Royal Bank Of Canada’s price target points to a potential upside of 26.58% from the stock’s previous close.
TRQ has been the topic of several other research reports. Scotiabank reiterated a “sector perform” rating and set a C$5.00 price objective on shares of Turquoise Hill Resources in a research report on Tuesday, July 19th. TD Securities reiterated a “buy” rating and set a C$5.50 price objective on shares of Turquoise Hill Resources in a research report on Thursday, August 4th. Canaccord Genuity reiterated a “hold” rating and set a C$4.50 price objective on shares of Turquoise Hill Resources in a research report on Wednesday, August 17th. Finally, CIBC lifted their price objective on shares of Turquoise Hill Resources from C$4.50 to C$5.00 in a research report on Wednesday, August 3rd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of C$5.10.
Shares of Turquoise Hill Resources (TSE:TRQ) opened at 3.95 on Thursday. The stock has a market cap of $7.95 billion and a PE ratio of 23.37. The firm’s 50-day moving average is $3.95 and its 200 day moving average is $3.95. Turquoise Hill Resources has a 12 month low of $2.30 and a 12 month high of $4.72.
Turquoise Hill Resources Company Profile
Turquoise Hill Resources Ltd. (Turquoise Hill) 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 located approximately 550 kilometers south of Ulaanbaatar, Mongolia’s capital city, and approximately 80 kilometers north of the Mongolia-China border.
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