Turquoise Hill Resources Ltd. – Consensus Indicates Potential -7.3% Downside

Broker Ratings

Turquoise Hill Resources Ltd. with ticker code (TRQ) now have 3 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 24.59 and 10.19 calculating the average target price we see 15.52. Now with the previous closing price of 16.74 this indicates there is a potential downside of -7.3%. The 50 day MA is 14.72 while the 200 day moving average is 15.67. The company has a market capitalisation of $3,285m. You can visit the company’s website by visiting: https://www.turquoisehill.com

The potential market cap would be $3,045m based on the market concensus.

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Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. The company explores for copper, gold, and silver deposits. It develops and operates 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. is a subsidiary of Rio Tinto plc.

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