Noteworthy Price Action: A Reversal for Turquoise Hill Resources Ltd Is Not Near. The Stock Rises Again

Noteworthy Price Action: A Reversal for Turquoise Hill Resources Ltd Is Not Near. The Stock Rises Again

The stock of Turquoise Hill Resources Ltd (NYSE:TRQ) is a huge mover today! About 1.68 million shares traded hands. Turquoise Hill Resources Ltd (NYSE:TRQ) has risen 16.73% since April 5, 2016 and is uptrending. It has outperformed by 14.78% the S&P500.
The move comes after 7 months positive chart setup for the $6.46B company. It was reported on Nov, 8 by Barchart.com. We have $4.44 PT which if reached, will make NYSE:TRQ worth $2.71B more.

Turquoise Hill Resources Ltd (NYSE:TRQ) Ratings Coverage

Out of 4 analysts covering Turquoise Hill Resources (NYSE:TRQ), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Turquoise Hill Resources has been the topic of 5 analyst reports since September 29, 2015 according to StockzIntelligence Inc. RBC Capital Markets initiated the stock with “Sector Perform” rating in Monday, July 18 report. Canaccord Genuity initiated the stock with “Hold” rating in Wednesday, August 17 report. The firm has “Buy” rating by TD Securities given on Friday, December 11. As per Monday, November 9, the company rating was upgraded by Macquarie Research.

According to Zacks Investment Research, “Turquoise Hill Resources Ltd. is a mining company focused on copper, gold and coal mines in the Asia Pacific region. The company holds interest in Oyu Tolgoi, a copper-gold project located in the south Gobi region of Mongolia. It also holds interests in companies that mine coal in Mongolia, molybdenum and rhenium in Australia, and gold at the Kyzyl Gold Project in Kazakhstan. Turquoise Hill Resources Ltd., formerly known as Ivanhoe Mines Ltd., is based in Vancouver, Canada.”

Another recent and important Turquoise Hill Resources Ltd (NYSE:TRQ) news was published by Streetinsider.com which published an article titled: “Turquoise Hill Resources Ltd (TRQ) Reports In-Line Q3 EPS” on November 03, 2016.

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