Turquoise Hill Resources Ltd (TRQ) Scheduled to Post Earnings on Thursday

Turquoise Hill Resources Ltd (TSE:TRQ) (NYSE:TRQ) will release its earnings data after the market closes on Thursday, November 2nd.

Turquoise Hill Resources Ltd (TSE TRQ) opened at 3.92 on Friday. Turquoise Hill Resources Ltd has a 1-year low of $3.25 and a 1-year high of $5.03. The stock’s 50 day moving average is $3.97 and its 200-day moving average is $3.77. The firm has a market cap of $7.89 billion and a P/E ratio of 65.33.

A number of research firms have recently weighed in on TRQ. Scotiabank reaffirmed an “outperform” rating and set a C$5.50 price target on shares of Turquoise Hill Resources in a research note on Tuesday, October 17th. CIBC reaffirmed an “outperform” rating and set a C$5.00 price target on shares of Turquoise Hill Resources in a research note on Friday, September 15th. Finally, Eight Capital reaffirmed a “buy” rating on shares of Turquoise Hill Resources in a research note on Thursday, August 17th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of C$5.71.

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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).

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