Turquoise Hill Resources’ (TRQ) “Outperform” Rating Reiterated at Scotiabank

Turquoise Hill Resources Ltd. (TSE:TRQ) (NYSE:TRQ)‘s stock had its “outperform” rating reissued by stock analysts at Scotiabank in a research note issued on Monday, November 6th. They currently have a C$5.50 price objective on the stock. Scotiabank’s price objective points to a potential upside of 40.66% from the company’s previous close.

Other research analysts have also issued reports about the stock. CIBC reiterated an “outperform” rating and issued a C$5.00 price target on shares of Turquoise Hill Resources in a research note on Friday, September 15th. Eight Capital restated a “buy” rating on shares of Turquoise Hill Resources in a research note on Thursday, August 17th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of C$5.71.

Turquoise Hill Resources (TRQ) opened at C$3.91 on Monday. Turquoise Hill Resources has a twelve month low of C$3.25 and a twelve month high of C$5.03.

WARNING: This story was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another domain, it was stolen and reposted in violation of United States & international copyright law. The original version of this story can be accessed at https://ledgergazette.com/2017/11/18/scotiabank-reaffirms-outperform-rating-for-turquoise-hill-resources-ltd-trq.html.

Turquoise Hill Resources Company Profile

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).

Analyst Recommendations for Turquoise Hill Resources (TSE:TRQ)

Receive News & Ratings for Turquoise Hill Resources Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Turquoise Hill Resources Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply