Shares of Turquoise Hill Resources Ltd. (TSE:TRQ) (NYSE:TRQ) have received an average recommendation of “Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is C$5.60.
Several analysts have recently commented on TRQ shares. Scotiabank reiterated an “outperform” rating and issued a C$5.75 price target on shares of Turquoise Hill Resources in a research report on Friday, December 8th. CIBC reiterated an “outperform” rating and issued a C$5.00 price target on shares of Turquoise Hill Resources in a research report on Friday, September 15th.
Shares of Turquoise Hill Resources (TRQ) opened at C$4.22 on Wednesday. Turquoise Hill Resources has a 1 year low of C$3.25 and a 1 year high of C$4.92.
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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