Time to Buy Turquoise Hill Resources Ltd After Today’s Huge Decline?

 Time to Buy Turquoise Hill Resources Ltd After Today's Huge Decline?

The stock of Turquoise Hill Resources Ltd (TSE:TRQ) is a huge mover today! About 362,983 shares traded hands. Turquoise Hill Resources Ltd (TSE:TRQ) has risen 22.71% since March 28, 2016 and is uptrending. It has outperformed by 19.70% the S&P500.
The move comes after 5 months negative chart setup for the $8.25B company. It was reported on Nov, 1 by Barchart.com. We have $3.75 PT which if reached, will make TSE:TRQ worth $742.50M less.

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 24.51% above today’s ($4.12) stock price. Turquoise Hill Resources has been the topic of 7 analyst reports since November 9, 2015 according to StockzIntelligence Inc. The stock of Turquoise Hill Resources Ltd (TSE:TRQ) earned “Sector Perform” rating by RBC Capital Markets on Thursday, October 20. The stock has “Hold” rating given by Canaccord Genuity on Friday, August 19. The firm has “Buy” rating by TD Securities given on Monday, October 24. The company was maintained on Friday, October 21 by Scotia Capital. The firm has “Buy” rating given on Friday, December 11 by TD Securities.

More news for Turquoise Hill Resources Ltd (TSE:TRQ) were recently published by: Bloomberg.com, which released: “Turquoise Hill Climbs on Speculation Rio May Take It Private” on June 13, 2016. Marketwired.com‘s article titled: “Update on Turquoise Hill Resources Ltd. Shareholder Loan and Short-Term Bridge …” and published on May 16, 2016 is yet another important article.

Turquoise Hill Resources Ltd. is an international mining company. The company has a market cap of $8.25 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 16.61 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment