August 28, 2017 – By Nellie Frank
Turquoise Hill Resources Ltd (NYSE:TRQ) Ratings Coverage
Among 5 analysts covering Turquoise Hill Resources (NYSE:TRQ), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Turquoise Hill Resources had 9 analyst reports since September 29, 2015 according to SRatingsIntel. The stock of Turquoise Hill Resources Ltd (NYSE:TRQ) has “Sector Perform” rating given on Monday, July 18 by RBC Capital Markets. RBC Capital Markets maintained the shares of TRQ in report on Friday, May 26 with “Hold” rating. The company was initiated on Wednesday, August 17 by Canaccord Genuity. The company was maintained on Wednesday, June 28 by RBC Capital Markets. The firm earned “Buy” rating on Friday, December 11 by TD Securities. RBC Capital Markets maintained it with “Hold” rating and $400 target in Monday, July 31 report. The firm has “Neutral” rating given on Wednesday, April 19 by Credit Suisse. The rating was upgraded by Macquarie Research to “Outperform” on Monday, November 9. Below is a list of Turquoise Hill Resources Ltd (NYSE:TRQ) latest ratings and price target changes.
31/07/2017 Broker: RBC Capital Markets Rating: Hold New Target: $4.0000 Maintain
28/06/2017 Broker: RBC Capital Markets Rating: Hold New Target: $4.0000 Maintain
26/05/2017 Broker: RBC Capital Markets Rating: Hold New Target: $4.00 Maintain
19/04/2017 Broker: Credit Suisse Rating: Neutral Maintain
About 910,519 shares traded. Turquoise Hill Resources Ltd (NYSE:TRQ) has declined 2.47% since August 28, 2016 and is downtrending. It has underperformed by 19.17% the S&P500.
Turquoise Hill Resources Ltd. is an international mining company. The company has market cap of $6.40 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 50.65 P/E ratio. The Company’s Oyu Tolgoi mine is held through approximately 65% interest in Oyu Tolgoi LLC and the remaining approximately 35% interest is held by Erdenes Oyu Tolgoi LLC (Erdenes).
Another recent and important Turquoise Hill Resources Ltd (NYSE:TRQ) news was published by Seekingalpha.com which published an article titled: “Turquoise Hill Resources: Catalysts Align In Its Favor” on July 27, 2017.
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