Breaking: Is Turquoise Hill Resources Ltd a Buy? The Stock Rises Again

Breaking: Is Turquoise Hill Resources Ltd a Buy? The Stock Rises Again

The stock of Turquoise Hill Resources Ltd (NYSE:TRQ) is a huge mover today! About 1.45M shares traded hands. Turquoise Hill Resources Ltd (NYSE:TRQ) has risen 26.88% since April 22, 2016 and is uptrending. It has outperformed by 21.47% the S&P500.
The move comes after 7 months positive chart setup for the $7.70 billion company. It was reported on Nov, 25 by Barchart.com. We have $3.96 PT which if reached, will make NYSE:TRQ worth $693.00M more.

Analysts await Turquoise Hill Resources Ltd (NYSE:TRQ) to report earnings on March, 16.

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. The stock of Turquoise Hill Resources Ltd (NYSE:TRQ) has “Hold” rating given on Wednesday, August 17 by Canaccord Genuity. The stock of Turquoise Hill Resources Ltd (NYSE:TRQ) has “Buy” rating given on Friday, December 11 by TD Securities. The company was upgraded on Monday, November 9 by Macquarie Research. RBC Capital Markets initiated the stock with “Sector Perform” rating in Monday, July 18 report.

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.”

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