Scotiabank set a C$5.25 price objective on Turquoise Hill Resources (TSE:TRQ) (NYSE:TRQ) in a research report report published on Monday. The brokerage currently has an outperform rating on the stock.
Separately, CIBC raised their target price on Turquoise Hill Resources from C$5.00 to C$6.00 in a research report on Monday, January 22nd.
Shares of Turquoise Hill Resources opened at C$3.79 on Monday, Marketbeat reports. Turquoise Hill Resources has a 12-month low of C$3.25 and a 12-month high of C$4.52.
Turquoise Hill Resources (TSE:TRQ) (NYSE:TRQ) last announced its earnings results on Thursday, March 15th. The company reported C$0.04 earnings per share (EPS) for the quarter. The business had revenue of C$319.68 million during the quarter. Turquoise Hill Resources had a return on equity of 2.31% and a net margin of 13.48%.
Turquoise Hill Resources Company Profile
Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. The company explores for copper, gold, silver, and molybdenum deposits. It primarily develops and operates the Oyu Tolgoi mine located in the southern Mongolia. The company was formerly known as Ivanhoe Mines Ltd.
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