Shares of Turquoise Hill Resources Ltd. (TSE:TRQ – Get 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 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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