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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