Turquoise Hill Resources Ltd. (TRQ) Given “Outperform” Rating at Scotiabank

Turquoise Hill Resources Ltd. (TSE:TRQ) (NYSE:TRQ)‘s stock had its “outperform” rating reiterated by research analysts at Scotiabank in a research report issued on Monday, November 6th. They currently have a C$5.50 price objective on the stock. Scotiabank’s price objective would indicate a potential upside of 43.98% from the stock’s current price.

Several other research firms have also weighed in on TRQ. CIBC reiterated an “outperform” rating and issued a C$5.00 price objective on shares of Turquoise Hill Resources in a research note on Friday, September 15th. Eight Capital restated a “buy” rating on shares of Turquoise Hill Resources in a research report on Thursday, August 17th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of C$5.71.

Turquoise Hill Resources (TSE:TRQ) opened at C$3.82 on Monday. Turquoise Hill Resources has a 1-year low of C$3.25 and a 1-year high of C$5.03.

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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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