Turquoise Hill Resources Ltd. (NYSE:TRQ) Analyst Rating Consensus
Turquoise Hill Resources Ltd. (NYSE:TRQ) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3 by 1 Brokerage Firm. 1 Brokerage Firms have advised hold.
Turquoise Hill Resources Ltd. (NYSE:TRQ): 2 analysts have set the short term price target of Turquoise Hill Resources Ltd. (NYSE:TRQ) at $2.95. The standard deviation of short term price target has been estimated at $1.34, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 4 and $2 respectively.
Turquoise Hill Resources Ltd. (NYSE:TRQ) rose 0.87% or 0.03 points on Tuesday and made its way into the gainers of the day. After trading began at $3.4 the stock was seen hitting $3.49 as a peak level and $3.35 as the lowest level. The stock ended up at $3.46. The daily volume was measured at 2,698,461 shares. The 52-week high of the share price is $4.04 and the 52-week low is $1.55. The company has a market cap of $6,963 million.
Shares of Turquoise Hill Resources Ltd. rose by 7.12% in the last five trading days and 24.91% for the last 4 weeks. Turquoise Hill Resources Ltd. is up 24.91% in the last 3-month period. Year-to-Date the stock performance stands at 36.22%.
Turquoise Hill Resources Ltd. (Turquoise Hill) is an international mining company focused on mining operations in Mongolia. The Companys principal and only material mineral resource property is the Oyu Tolgoi copper-gold mine in southern Mongolia. The Oyu Tolgoi Mine is approximately 550 kilometers south of Ulaanbaatar, Mongolias capital city, and 80 kilometers north of the Mongolia-China border. The minerals on the property consist of porphyry-style copper, gold, silver and molybdenum contained in a linear structural trend (the Oyu Tolgoi Trend) that extends over 26 kilometers. Mineral resources include, from south to north, the Heruga Deposit, the Southern Oyu deposits (Southwest Oyu, South Oyu, Wedge and Central Oyu) and the Hugo Dummett deposits (Hugo South, Hugo North and Hugo North Extension).