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.
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).
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