Separately, CIBC increased their price target on Turquoise Hill Resources from C$5.00 to C$6.00 in a report on Monday, January 22nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Turquoise Hill Resources currently has an average rating of Buy and an average price target of C$5.65.
Shares of Turquoise Hill Resources stock opened at C$4.26 on Friday. Turquoise Hill Resources has a fifty-two week low of C$3.25 and a fifty-two week high of C$4.52. The stock has a market capitalization of $8,530.00, a PE ratio of 30.43 and a beta of -0.30.
Turquoise Hill Resources (TSE:TRQ) (NYSE:TRQ) last announced its quarterly earnings results on Thursday, March 15th. The company reported C$0.04 earnings per share (EPS) for the quarter. Turquoise Hill Resources had a return on equity of 2.31% and a net margin of 13.48%. The company had revenue of C$319.68 million during the quarter.
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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).
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