Brokerage Firm Rating on Turquoise Hill Resources Ltd. (TRQ)

Turquoise Hill Resources Ltd. (TRQ) : The consensus on Turquoise Hill Resources Ltd. (TRQ) based on 1 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Turquoise Hill Resources Ltd. (TRQ) : The consensus price target for Turquoise Hill Resources Ltd. (TRQ) is $2.95 for the short term with a standard deviation of $1.34. The most optimist securities analyst among the 2 who monitor the stock believes that the stock can reach $4, however, the pessimist price target for the company is $2.


Company shares have received an average consensus rating of Hold for the current week Turquoise Hill Resources Ltd. (NYSE:TRQ): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.13 and $3.11 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.21, notching a gain of 2.88% for the day. The total traded volume was 3,270,780 . The stock had closed at $3.12 on the previous day.

Turquoise Hill Resources Ltd. (Turquoise Hill) is an international mining company focused on mining operations in Mongolia. The Companys principal and only material mineral resource property is the Oyu Tolgoi copper-gold mine in southern Mongolia. The Oyu Tolgoi Mine is approximately 550 kilometers south of Ulaanbaatar, Mongolias capital city, and 80 kilometers north of the Mongolia-China border. The minerals on the property consist of porphyry-style copper, gold, silver and molybdenum contained in a linear structural trend (the Oyu Tolgoi Trend) that extends over 26 kilometers. Mineral resources include, from south to north, the Heruga Deposit, the Southern Oyu deposits (Southwest Oyu, South Oyu, Wedge and Central Oyu) and the Hugo Dummett deposits (Hugo South, Hugo North and Hugo North Extension).

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