Shares of Turquoise Hill Resources Ltd (TSE:TRQ) (NYSE:TRQ) have been assigned an average recommendation of “Buy” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$5.71.
A number of research analysts have commented on the stock. CIBC reissued an “outperform” rating and set a C$5.00 target price on shares of Turquoise Hill Resources in a research report on Friday, September 15th. Eight Capital reissued a “buy” rating on shares of Turquoise Hill Resources in a research report on Thursday, August 17th. Finally, Scotiabank restated an “outperform” rating and issued a C$5.50 price target on shares of Turquoise Hill Resources in a report on Tuesday, October 17th.
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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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