Scotiabank Analysts Give Turquoise Hill Resources Ltd (TRQ) a C$6.00 Price Target

Scotiabank set a C$6.00 price target on Turquoise Hill Resources Ltd (TSE:TRQ) (NYSE:TRQ) in a report issued on Thursday. The firm currently has an outperform rating on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Royal Bank Of Canada reiterated a sector perform rating and issued a C$5.50 price objective on shares of Turquoise Hill Resources in a report on Thursday, April 20th. TD Securities reiterated a buy rating and issued a C$6.00 price objective on shares of Turquoise Hill Resources in a report on Wednesday, March 29th. Finally, CSFB started coverage on shares of Turquoise Hill Resources in a report on Thursday, April 13th. They issued a neutral rating and a C$6.00 price objective for the company. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of C$5.79.

Shares of Turquoise Hill Resources (TSE TRQ) opened at 3.55 on Thursday. Turquoise Hill Resources has a one year low of $3.25 and a one year high of $5.03. The firm’s 50-day moving average price is $3.55 and its 200 day moving average price is $4.14. The stock has a market cap of $7.14 billion and a P/E ratio of 56.35.

TRADEMARK VIOLATION NOTICE: “Scotiabank Analysts Give Turquoise Hill Resources Ltd (TRQ) a C$6.00 Price Target” was posted by sleekmoney and is the sole property of of sleekmoney. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://sleekmoney.com/scotiabank-analysts-give-turquoise-hill-resources-ltd-trq-a-c6-00-price-target/1942119.html.

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)

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/scotiabank-analysts-give-turquoise-hill-resources-ltd-trq-a-c6-00-price-target/1942119.html

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.

 

Leave a Reply

Your email address will not be published. Required fields are marked *