Turquoise Hill Resources Ltd (TSE:TRQ) (NYSE:TRQ)‘s stock had its “outperform” rating reaffirmed by equities research analysts at CIBC in a research note issued to investors on Friday. They currently have a C$5.00 target price on the stock. CIBC’s price objective indicates a potential upside of 32.98% from the stock’s current price.
A number of other research analysts have also recently weighed in on the stock. Scotiabank set a C$6.00 price objective on shares of Turquoise Hill Resources and gave the stock an “outperform” rating in a research note on Thursday, June 22nd. Royal Bank Of Canada reissued a “sector perform” rating and set a C$5.25 price objective on shares of Turquoise Hill Resources in a research note on Thursday, June 22nd. Finally, Eight Capital reissued a “buy” rating on shares of Turquoise Hill Resources in a research note on Thursday, August 17th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Turquoise Hill Resources currently has a consensus rating of “Buy” and a consensus price target of C$5.79.
Shares of Turquoise Hill Resources (TSE TRQ) opened at 3.76 on Friday. Turquoise Hill Resources has a 52-week low of $3.25 and a 52-week high of $5.03. The stock has a 50 day moving average price of $3.99 and a 200-day moving average price of $3.82. The stock has a market capitalization of $7.57 billion and a price-to-earnings ratio of 62.67.
TRADEMARK VIOLATION WARNING: “CIBC Reiterates “Outperform” Rating for Turquoise Hill Resources Ltd (TRQ)” was originally reported by Transcript Daily and is owned by of Transcript Daily. If you are viewing this piece of content on another publication, it was stolen and republished in violation of United States & international trademark & copyright legislation. The legal version of this piece of content can be read at https://transcriptdaily.com/2017/09/17/cibc-reiterates-outperform-rating-for-turquoise-hill-resources-ltd-trq.html.
About Turquoise Hill Resources
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).
Receive News & Ratings for Turquoise Hill Resources Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Turquoise Hill Resources Ltd and related companies with MarketBeat.com's FREE daily email newsletter.