Turquoise Hill Resources Ltd Stock Price Declines Today

 Turquoise Hill Resources Ltd Stock Price Declines Today

The stock of Turquoise Hill Resources Ltd (TSE:TRQ) is a huge mover today! About 520,967 shares traded hands. Turquoise Hill Resources Ltd (TSE:TRQ) has risen 33.70% since April 21, 2016 and is uptrending. It has outperformed by 28.29% the S&P500.
The move comes after 5 months negative chart setup for the $10.13B company. It was reported on Nov, 25 by Barchart.com. We have $4.45 PT which if reached, will make TSE:TRQ worth $911.70 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. Turquoise Hill Resources has been the topic of 8 analyst reports since November 9, 2015 according to StockzIntelligence Inc. Canaccord Genuity maintained the shares of TRQ in a report on Friday, August 19 with “Hold” rating. On Friday, December 11 the stock rating was upgraded by TD Securities to “Buy”. RBC Capital Markets maintained Turquoise Hill Resources Ltd (TSE:TRQ) on Thursday, October 20 with “Sector Perform” rating. TD Securities maintained the stock with “Buy” rating in Friday, November 4 report. The stock of Turquoise Hill Resources Ltd (TSE:TRQ) earned “Buy” rating by TD Securities on Monday, October 24. On Friday, October 21 the stock rating was maintained by Scotia Capital with “Sector Perform”.

Turquoise Hill Resources Ltd. is an international mining company. The company has a market cap of $10.13 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 24.57 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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