Royal Bank Of Canada reissued their sector perform rating on shares of Turquoise Hill Resources Ltd (TSE:TRQ) in a report released on Thursday morning, StockTargetPrices.com reports. Royal Bank Of Canada currently has a C$5.00 price objective on the stock.
TRQ has been the subject of a number of other research reports. Scotiabank restated a sector perform rating and set a C$5.00 price objective on shares of Turquoise Hill Resources in a research report on Tuesday, July 19th. TD Securities restated a buy rating and set a C$5.50 price objective on shares of Turquoise Hill Resources in a research report on Thursday, August 4th. Canaccord Genuity restated a hold rating and set a C$4.50 price objective on shares of Turquoise Hill Resources in a research report on Wednesday, August 17th. Finally, CIBC boosted their price objective on Turquoise Hill Resources from C$4.50 to C$5.00 in a research report on Wednesday, August 3rd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Turquoise Hill Resources has a consensus rating of Hold and an average price target of C$5.10.
Shares of Turquoise Hill Resources (TSE:TRQ) opened at 3.98 on Thursday. The company’s 50 day moving average price is $3.94 and its 200-day moving average price is $3.96. The firm has a market cap of $8.01 billion and a price-to-earnings ratio of 23.55. Turquoise Hill Resources has a 1-year low of $2.30 and a 1-year high of $4.72.
About Turquoise Hill Resources
Turquoise Hill Resources Ltd. (Turquoise Hill) 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 located approximately 550 kilometers south of Ulaanbaatar, Mongolia’s capital city, and approximately 80 kilometers north of the Mongolia-China border.
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