Turquoise Hill Resources (TSE:TRQ) Price Target Raised to C$2.25

Turquoise Hill Resources (TSE:TRQ) (NYSE:TRQ) had its price target hoisted by TD Securities from C$2.00 to C$2.25 in a research note issued to investors on Monday, BayStreet.CA reports. The brokerage currently has a speculative buy rating on the stock.

Other analysts have also issued reports about the company. Credit Suisse Group reduced their target price on Turquoise Hill Resources from C$1.60 to C$1.00 in a report on Tuesday, January 14th. CSFB reduced their target price on Turquoise Hill Resources from C$1.60 to C$1.00 in a report on Tuesday, January 14th.

TRQ opened at C$0.88 on Monday. The firm has a market cap of $1.85 billion and a P/E ratio of -10.86. Turquoise Hill Resources has a 52-week low of C$0.53 and a 52-week high of C$2.84. The company has a debt-to-equity ratio of 54.18, a quick ratio of 2.86 and a current ratio of 5.24. The business’s fifty day moving average is C$0.90 and its 200-day moving average is C$0.74.

Turquoise Hill Resources (TSE:TRQ) (NYSE:TRQ) last released its earnings results on Tuesday, November 12th. The company reported C$0.05 earnings per share (EPS) for the quarter. The company had revenue of C$278.15 million for the quarter. On average, research analysts predict that Turquoise Hill Resources will post 0.0692045 earnings per share for the current fiscal year.

About Turquoise Hill Resources

Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. The company explores for copper, gold, silver, and molybdenum deposits. It primarily develops and operates the Oyu Tolgoi mine located in the southern Mongolia. The company was formerly known as Ivanhoe Mines Ltd.

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