Turquoise Hill Resources Ltd (TRQ) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Turquoise Hill Resources Ltd (TSE:TRQ) (NYSE:TRQ) have received a consensus rating of “Buy” from the six brokerages that are covering the company. Two research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$5.83.

A number of research firms have issued reports on TRQ. Scotiabank reissued an “outperform” rating and issued a C$6.00 price objective on shares of Turquoise Hill Resources in a report on Thursday. Royal Bank of Canada restated a “sector perform” rating and issued a C$5.50 target price on shares of Turquoise Hill Resources in a research report on Thursday. CSFB assumed coverage on shares of Turquoise Hill Resources in a research report on Thursday, April 13th. They issued a “neutral” rating and a C$6.00 target price for the company. Finally, TD Securities restated a “buy” rating and issued a C$6.00 target price on shares of Turquoise Hill Resources in a research report on Wednesday, March 29th.

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Shares of Turquoise Hill Resources (TSE:TRQ) traded down 0.412% during midday trading on Tuesday, reaching $3.625. The company’s stock had a trading volume of 436,517 shares. The stock has a market capitalization of $7.29 billion and a PE ratio of 36.250. The stock’s 50 day moving average is $4.12 and its 200 day moving average is $4.35. Turquoise Hill Resources has a 12 month low of $3.33 and a 12 month high of $5.03.

Turquoise Hill Resources Company Profile

Turquoise Hill Resources Ltd. (Turquoise Hill) 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 located approximately 550 kilometers south of Ulaanbaatar, Mongolia’s capital city, and approximately 80 kilometers north of the Mongolia-China border.

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