Turquoise Hill Resources (TRQ) Stock Rating Reaffirmed by Scotiabank

Turquoise Hill Resources (TSE:TRQ) (NYSE:TRQ)‘s stock had its “outperform” rating reissued by analysts at Scotiabank in a research note issued to investors on Friday. They presently have a C$5.75 target price on the stock. Scotiabank’s price target would indicate a potential upside of 48.58% from the company’s current price.

TRQ has been the topic of several other reports. CIBC reissued an “outperform” rating and issued a C$5.00 target price on shares of Turquoise Hill Resources in a research note on Friday, September 15th. Eight Capital reissued a “buy” rating on shares of Turquoise Hill Resources in a research note on Thursday, August 17th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of C$5.75.

Shares of Turquoise Hill Resources (TRQ) opened at C$3.87 on Friday. Turquoise Hill Resources has a 12 month low of C$3.25 and a 12 month high of C$4.92.

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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).

Analyst Recommendations for Turquoise Hill Resources (TSE:TRQ)

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