Scotiabank set a C$5.00 target price on Turquoise Hill Resources (TSE:TRQ) (NYSE:TRQ) in a research report report published on Friday morning. The brokerage currently has an outperform rating on the stock.
Separately, CIBC increased their price objective on shares of Turquoise Hill Resources from C$5.00 to C$6.00 in a research report on Monday, January 22nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of C$5.65.
Shares of Turquoise Hill Resources stock opened at C$4.32 on Friday. Turquoise Hill Resources has a 12-month low of C$3.25 and a 12-month high of C$4.52. The stock has a market cap of $8,530.00, a price-to-earnings ratio of 30.86 and a beta of -0.30.
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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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