Turquoise Hill Resources Ltd. (TSE:TRQ) (NYSE:TRQ) has been assigned an average recommendation of “Buy” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$5.60.

A number of research firms recently commented on TRQ. CIBC reaffirmed an “outperform” rating and set a C$5.00 price target on shares of Turquoise Hill Resources in a research note on Friday, September 15th. Scotiabank reaffirmed an “outperform” rating and set a C$5.50 price target on shares of Turquoise Hill Resources in a research note on Monday, November 6th.

Turquoise Hill Resources (TRQ) traded up C$0.03 during mid-day trading on Wednesday, hitting C$4.23. 244,500 shares of the company were exchanged, compared to its average volume of 1,017,451. Turquoise Hill Resources has a 52-week low of C$3.25 and a 52-week high of C$4.92. The stock has a market cap of $8,440.00, a PE ratio of 30.21 and a beta of -0.13.

WARNING: This article was originally reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this article on another site, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The legal version of this article can be read at https://theolympiareport.com/2017/12/23/turquoise-hill-resources-ltd-trq-receives-c5-60-average-pt-from-brokerages.html.

About Turquoise Hill Resources

Turquoise Hill Resources Ltd. is an international mining company. The Company 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. The Company’s Oyu Tolgoi mine is held through approximately 65% interest in Oyu Tolgoi LLC (Oyu Tolgoi) and the remaining approximately 35% interest is held by Erdenes Oyu Tolgoi LLC (Erdenes).

Analyst Recommendations for Turquoise Hill Resources (TSE:TRQ)

Receive News & Ratings for Turquoise Hill Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Turquoise Hill Resources and related companies with MarketBeat.com's FREE daily email newsletter.