Turquoise Hill Resources Ltd (TRQ) Receives Average Recommendation of “Buy” from Brokerages

Turquoise Hill Resources Ltd (TSE:TRQ) (NYSE:TRQ) has earned a consensus recommendation of “Buy” from the seven analysts that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$5.71.

A number of research firms have issued reports on TRQ. Scotiabank reaffirmed an “outperform” rating and issued a C$5.50 price target on shares of Turquoise Hill Resources in a report on Tuesday, October 17th. Eight Capital reaffirmed a “buy” rating on shares of Turquoise Hill Resources in a report on Thursday, August 17th. Finally, CIBC reaffirmed an “outperform” rating and issued a C$5.00 price target on shares of Turquoise Hill Resources in a report on Friday, September 15th.

COPYRIGHT VIOLATION NOTICE: “Turquoise Hill Resources Ltd (TRQ) Receives Average Recommendation of “Buy” from Brokerages” was originally reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://sportsperspectives.com/2017/11/07/turquoise-hill-resources-ltd-trq-receives-average-recommendation-of-buy-from-brokerages.html.

Turquoise Hill Resources (TSE:TRQ) traded down C$0.03 during trading hours on Tuesday, reaching C$4.06. 262,700 shares of the company were exchanged, compared to its average volume of 603,854. Turquoise Hill Resources has a 12 month low of C$3.25 and a 12 month high of C$5.03.

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)

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.

Latest News

Leave a Reply