The stock of Turquoise Hill Resources Ltd (TSE:TRQ) is a huge mover today! About 221,200 shares traded hands. Turquoise Hill Resources Ltd (TSE:TRQ) has risen 20.81% since March 24, 2016 and is uptrending. It has outperformed by 17.33% the S&P500.
The move comes after 8 months positive chart setup for the $8.60 billion company. It was reported on Oct, 31 by Barchart.com. We have $6.86 PT which if reached, will make TSE:TRQ worth $5.42B more.
Turquoise Hill Resources Ltd (TSE:TRQ) Ratings Coverage
Out of 5 analysts covering Turquoise Hill Resources (TSE:TRQ), 1 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 20% are positive. $5.50 is the highest target while $4.50 is the lowest. The $5.13 average target is 21.85% above today’s ($4.21) stock price. Turquoise Hill Resources has been the topic of 7 analyst reports since November 9, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Friday, August 19 by Canaccord Genuity. The company was maintained on Thursday, October 20 by RBC Capital Markets. TD Securities maintained it with “Buy” rating and $5.50 target price in Monday, October 24 report. Scotia Capital maintained Turquoise Hill Resources Ltd (TSE:TRQ) on Friday, October 21 with “Sector Perform” rating. The stock of Turquoise Hill Resources Ltd (TSE:TRQ) earned “Buy” rating by TD Securities on Friday, December 11.
More recent Turquoise Hill Resources Ltd (TSE:TRQ) news were published by: Bloomberg.com which released: “Turquoise Hill Climbs on Speculation Rio May Take It Private” on June 13, 2016. Also Seekingalpha.com published the news titled: “Turquoise Hill Resources Is Like A 100 Kilogram Baby” on February 03, 2016. Marketwired.com‘s news article titled: “Update on Turquoise Hill Resources Ltd. Shareholder Loan and Short-Term Bridge …” with publication date: May 16, 2016 was also an interesting one.
Turquoise Hill Resources Ltd. is an international mining company. The company has a market cap of $8.60 billion. The Firm 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. It has a 16.98 P/E ratio. 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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