Turquoise Hill Resources Ltd Can’t Burn Your Long Portfolio. Has Another Strong Session

 Turquoise Hill Resources Ltd Can't Burn Your Long Portfolio. Has Another Strong Session

The stock of Turquoise Hill Resources Ltd (TSE:TRQ) is a huge mover today! About 652,230 shares traded hands. Turquoise Hill Resources Ltd (TSE:TRQ) has risen 39.20% since April 7, 2016 and is uptrending. It has outperformed by 33.05% the S&P500.
The move comes after 6 months positive chart setup for the $9.43B company. It was reported on Nov, 11 by Barchart.com. We have $7.30 PT which if reached, will make TSE:TRQ worth $5.66B 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 12.50% above today’s ($4.56) stock price. Turquoise Hill Resources has been the topic of 8 analyst reports since November 9, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Friday, November 4 by TD Securities. Canaccord Genuity maintained the shares of TRQ in a report on Friday, August 19 with “Hold” rating. Scotia Capital maintained it with “Sector Perform” rating and $5.50 target price in Friday, October 21 report. The stock of Turquoise Hill Resources Ltd (TSE:TRQ) has “Sector Perform” rating given on Thursday, October 20 by RBC Capital Markets. TD Securities upgraded Turquoise Hill Resources Ltd (TSE:TRQ) on Friday, December 11 to “Buy” rating. TD Securities maintained it with “Buy” rating and $5.50 target price in Monday, October 24 report.

More news for Turquoise Hill Resources Ltd (TSE:TRQ) were recently published by: Streetinsider.com, which released: “Turquoise Hill Resources Ltd (TRQ) Reports In-Line Q3 EPS” on November 03, 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 $9.43 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 22.94 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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