Turquoise Hill Resources Ltd. (TSE:TRQ) Receives Consensus Rating of “Hold” from Brokerages

Shares of Turquoise Hill Resources Ltd. (TSE:TRQGet Rating) (NYSE:TRQ) have received a consensus rating of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$37.00.

Several equities analysts recently commented on the stock. Royal Bank of Canada boosted their price objective on shares of Turquoise Hill Resources from C$25.00 to C$32.00 and gave the company a “sector perform” rating in a research note on Friday, March 4th. Canaccord Genuity Group boosted their price objective on shares of Turquoise Hill Resources from C$28.00 to C$31.00 in a research note on Thursday, March 3rd. TD Securities cut shares of Turquoise Hill Resources from a “buy” rating to a “hold” rating and boosted their price objective for the company from C$32.00 to C$39.00 in a research note on Tuesday, March 15th. BMO Capital Markets raised shares of Turquoise Hill Resources from an “underperform” rating to a “market perform” rating and boosted their price objective for the company from C$20.00 to C$34.00 in a research note on Tuesday, March 15th. Finally, Eight Capital boosted their price target on shares of Turquoise Hill Resources from C$40.00 to C$43.00 and gave the stock a “sell” rating in a research note on Thursday, April 21st.

Shares of TSE TRQ traded down C$0.22 during midday trading on Tuesday, hitting C$33.25. The company’s stock had a trading volume of 383,425 shares, compared to its average volume of 321,232. The stock has a fifty day moving average price of C$34.85 and a 200 day moving average price of C$25.48. Turquoise Hill Resources has a one year low of C$12.15 and a one year high of C$38.91. The company has a current ratio of 1.20, a quick ratio of 0.76 and a debt-to-equity ratio of 45.92. The firm has a market capitalization of C$6.69 billion and a price-to-earnings ratio of 9.85.

Turquoise Hill Resources (TSE:TRQGet Rating) (NYSE:TRQ) last issued its quarterly earnings data on Wednesday, March 2nd. The company reported C$0.98 EPS for the quarter. The firm had revenue of C$635.29 million for the quarter. On average, equities research analysts predict that Turquoise Hill Resources will post 1.0937076 earnings per share for the current fiscal year.

Turquoise Hill Resources Company Profile (Get Rating)

Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. The company primarily explores for copper, gold, and silver deposits. It engages in the operation and development of the Oyu Tolgoi copper-gold mine located in Southern Mongolia. The company was formerly known as Ivanhoe Mines Ltd.

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