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.
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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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