Turquoise Hill Resources Ltd. – Consensus Indicates Potential -21.9% Downside

Broker Ratings

Turquoise Hill Resources Ltd. with ticker code (TRQ) have now 2 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 24.68 and 24.19 calculating the mean target price we have 24.44. Given that the stocks previous close was at 31.3 this now indicates there is a potential downside of -21.9%. The 50 day moving average now sits at 25.89and the 200 day moving average is 23.4. The market cap for the company is $6,176m. Visit the company website at:https://turquoisehill.com

The potential market cap would be $4,822m based on the market concensus.

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Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. The company primarily explores for copper, gold, and silver deposits. It engages in the operation and development of the Oyu Tolgoi copper-gold mine located in Southern Mongolia. The company was formerly known as Ivanhoe Mines Ltd. and changed its name to Turquoise Hill Resources Ltd. in August 2012. Turquoise Hill Resources Ltd. was incorporated in 1994 and is headquartered in Montreal, Canada. Turquoise Hill Resources Ltd. operates as a subsidiary of Rio Tinto Group.

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