Turquoise Hill Resources (TRQ) PT Set at C$5.75 by Scotiabank

Scotiabank set a C$5.75 price objective on Turquoise Hill Resources (TSE:TRQ) (NYSE:TRQ) in a report issued on Tuesday, January 16th. The firm currently has an outperform rating on the stock.

Shares of Turquoise Hill Resources (TRQ) traded down C$0.06 during trading hours on Tuesday, hitting C$3.45. The company had a trading volume of 921,453 shares, compared to its average volume of 741,298. The company has a market cap of $6,960.00, a P/E ratio of 24.64 and a beta of -0.27. Turquoise Hill Resources has a 52 week low of C$3.25 and a 52 week high of C$4.76.

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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).

Analyst Recommendations for Turquoise Hill Resources (TSE:TRQ)

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