Turquoise Hill Resources Ltd. (TSE:TRQ) (NYSE:TRQ) has received an average rating of “Buy” from the seven ratings firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$5.71.
A number of analysts have recently weighed in on the company. Scotiabank reiterated an “outperform” rating and set a C$5.50 target price on shares of Turquoise Hill Resources in a research report on Monday, November 6th. CIBC reiterated 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. Finally, Eight Capital reiterated a “buy” rating on shares of Turquoise Hill Resources in a research report on Thursday, August 17th.
Shares of Turquoise Hill Resources (TSE:TRQ) opened at C$3.90 on Friday. Turquoise Hill Resources has a 1 year low of C$3.25 and a 1 year high of C$4.94.
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).
What are top analysts saying about Turquoise Hill Resources Ltd.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Turquoise Hill Resources Ltd. and related companies.