Could Turquoise Hill Resources Ltd Lose Strenght? The Stock Increases A Lot Today

 Could Turquoise Hill Resources Ltd Lose Strenght? The Stock Increases A Lot Today

The stock of Turquoise Hill Resources Ltd (TSE:TRQ) is a huge mover today! About 156,543 shares traded hands. Turquoise Hill Resources Ltd (TSE:TRQ) has risen 27.58% since April 18, 2016 and is uptrending. It has outperformed by 23.02% the S&P500.
The move comes after 9 months positive chart setup for the $9.42B company. It was reported on Nov, 22 by Barchart.com. We have $4.75 PT which if reached, will make TSE:TRQ worth $282.60 million 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 11.28% above today’s ($4.61) 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, December 11 by TD Securities. The firm has “Buy” rating by TD Securities given on Friday, November 4. Canaccord Genuity maintained the stock with “Hold” rating in Friday, August 19 report. On Thursday, October 20 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. TD Securities maintained the stock with “Buy” rating in Monday, October 24 report. Scotia Capital maintained the shares of TRQ in a report on Friday, October 21 with “Sector Perform” rating.

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 $9.42 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 23.14 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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