Turquoise Hill Resources Ltd (TRQ) Given Sector Perform Rating at Royal Bank Of Canada
Royal Bank Of Canada reissued their sector perform rating on shares of Turquoise Hill Resources Ltd (TSE:TRQ) in a report published on Thursday. The firm currently has a C$5.00 price target on the stock.
A number of other research firms have also commented on TRQ. CIBC boosted their price target on shares of Turquoise Hill Resources from C$4.50 to C$5.00 in a research report on Wednesday, August 3rd. TD Securities restated a buy rating and set a C$5.50 price target on shares of Turquoise Hill Resources in a research report on Thursday, August 4th. Scotiabank restated a sector perform rating and set a C$5.00 price target on shares of Turquoise Hill Resources in a research report on Tuesday, July 19th. Finally, Canaccord Genuity restated a hold rating and set a C$4.50 price target on shares of Turquoise Hill Resources in a research report on Wednesday, August 17th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Turquoise Hill Resources currently has a consensus rating of Hold and an average price target of C$5.10.
Shares of Turquoise Hill Resources (TSE:TRQ) traded up 1.03% on Thursday, reaching $3.91. The company had a trading volume of 202,340 shares. The company’s 50-day moving average is $3.95 and its 200-day moving average is $3.94. Turquoise Hill Resources has a one year low of $2.30 and a one year high of $4.72. The company has a market capitalization of $7.87 billion and a PE ratio of 23.14.
About Turquoise Hill Resources
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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