TD Securities Lowers Turquoise Hill Resources (TRQ) Price Target to C$4.00

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Turquoise Hill Resources (TSE:TRQ) (NYSE:TRQ) had its price target trimmed by TD Securities from C$5.00 to C$4.00 in a research note released on Friday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Separately, CIBC cut their target price on shares of Turquoise Hill Resources from C$4.00 to C$3.50 in a research note on Monday, March 18th.

TSE TRQ opened at C$1.72 on Friday. The firm has a market capitalization of $3.46 billion and a price-to-earnings ratio of 8.43. Turquoise Hill Resources has a 1 year low of C$1.65 and a 1 year high of C$3.90. The company has a current ratio of 6.60, a quick ratio of 3.06 and a debt-to-equity ratio of 49.79.

Turquoise Hill Resources (TSE:TRQ) (NYSE:TRQ) last posted its quarterly earnings results on Thursday, March 14th. The company reported C$0.07 earnings per share (EPS) for the quarter. The company had revenue of C$458.00 million during the quarter. As a group, analysts anticipate that Turquoise Hill Resources will post 0.09 EPS for the current year.

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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