The stock of Turquoise Hill Resources Ltd (TSE:TRQ) is a huge mover today! About 555,343 shares traded hands. Turquoise Hill Resources Ltd (TSE:TRQ) has risen 41.82% since April 11, 2016 and is uptrending. It has outperformed by 37.89% the S&P500.
The move comes after 6 months negative chart setup for the $9.34 billion company. It was reported on Nov, 15 by Barchart.com. We have $4.17 PT which if reached, will make TSE:TRQ worth $747.20 million 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 13.25% above today’s ($4.53) stock price. Turquoise Hill Resources has been the topic of 8 analyst reports since November 9, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Friday, August 19 by Canaccord Genuity. As per Friday, November 4, the company rating was maintained by TD Securities. On Friday, October 21 the stock rating was maintained by Scotia Capital with “Sector Perform”. As per Friday, December 11, the company rating was upgraded by TD Securities. On Monday, October 24 the stock rating was maintained by TD Securities with “Buy”. The stock of Turquoise Hill Resources Ltd (TSE:TRQ) has “Sector Perform” rating given on Thursday, October 20 by RBC Capital Markets.
Another recent and important Turquoise Hill Resources Ltd (TSE: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.
Turquoise Hill Resources Ltd. is an international mining company. The company has a market cap of $9.34 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 22.65 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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