Analyst Rating Update on Turquoise Hill Resources Ltd. (TRQ)

Turquoise Hill Resources Ltd. (TRQ) : 1 analysts are covering Turquoise Hill Resources Ltd. (TRQ) and their average rating on the stock is 3, which is read as a Hold. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Turquoise Hill Resources Ltd. (TRQ) : The highest short term price target forecast on Turquoise Hill Resources Ltd. (TRQ) is $4 and the lowest target price is $2. A total of 2 equity analysts are currently covering the company. The average price of all the analysts is $2.95 with a standard deviation of $1.34.

Company shares have received an average consensus rating of Hold for the current week Also, RBC Capital initiates coverage on Turquoise Hill Resources Ltd. (NYSE:TRQ) . Analysts at the RBC Capital have a current rating of Sector Perform on the shares. The rating by the firm was issued on July 18, 2016.


Turquoise Hill Resources Ltd. (NYSE:TRQ): The stock opened at $3.41 on Wednesday but the bulls could not build on the opening and the stock topped out at $3.41 for the day. The stock traded down to $3.19 during the day, due to lack of any buying support eventually closed down at $3.27 with a loss of -5.49% for the day. The stock had closed at $3.46 on the previous day. The total traded volume was 7,296,068 shares.

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).

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.