Turquoise Hill Resources Ltd (TRQ) Receives Outperform Rating from Scotiabank

Scotiabank reissued their outperform rating on shares of Turquoise Hill Resources Ltd (TSE:TRQ) (NYSE:TRQ) in a research report sent to investors on Tuesday morning. Scotiabank currently has a C$5.50 price objective on the stock.

TRQ has been the subject of several other research reports. Eight Capital reaffirmed a buy rating on shares of Turquoise Hill Resources in a research report on Thursday, August 17th. CIBC reaffirmed an outperform rating and issued a C$5.00 price target on shares of Turquoise Hill Resources in a research report on Friday, September 15th. Finally, Royal Bank Of Canada reaffirmed a sector perform rating and issued a C$5.25 price target on shares of Turquoise Hill Resources in a research report on Thursday, June 22nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of Buy and an average price target of C$5.71.

Turquoise Hill Resources (TRQ) opened at 4.20 on Tuesday. The company has a market cap of $8.45 billion and a P/E ratio of 70.00. The firm’s 50 day moving average is $3.98 and its 200-day moving average is $3.77. Turquoise Hill Resources has a 52 week low of $3.25 and a 52 week high of $5.03.

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Turquoise Hill Resources Company Profile

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).

Analyst Recommendations for Turquoise Hill Resources (TSE:TRQ)

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