Is Selling Stock Like Turquoise Hill Resources Ltd After Such Decline Winning Strategy?
The stock of Turquoise Hill Resources Ltd (TSE:TRQ) is a huge mover today! About 192,147 shares traded hands. Turquoise Hill Resources Ltd (TSE:TRQ) has risen 9.12% since March 10, 2016 and is uptrending. It has outperformed by 3.50% the S&P500.
The move comes after 9 months negative chart setup for the $7.99 billion company. It was reported on Oct, 17 by Barchart.com. We have $3.70 PT which if reached, will make TSE:TRQ worth $399.50M less.
Out of 3 analysts covering Turquoise Hill Resources (TSE:TRQ), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. $5.50 is the highest target while $4.50 is the lowest. The $5 average target is 28.53% above today’s ($3.89) stock price. Turquoise Hill Resources has been the topic of 3 analyst reports since November 9, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, August 19 by Canaccord Genuity. TD Securities upgraded Turquoise Hill Resources Ltd (TSE:TRQ) on Friday, December 11 to “Buy” rating.
More notable recent Turquoise Hill Resources Ltd (TSE:TRQ) news were published by: Prnewswire.com which released: “Technical Roundup on Industrial Metals & Minerals Stocks — BHP Billiton, BHP …” on October 17, 2016, also Thestreet.com with their article: “Turquoise Hill Resources (TRQ) Stock Climbs Following Oyu Tolgoi Development Deal” published on May 19, 2015, Thestreet.com published: “Turquoise Hill Resources (TRQ) Stock Coverage Initiated at BMO Capital” on June 22, 2015. More interesting news about Turquoise Hill Resources Ltd (TSE:TRQ) were released by: Bloomberg.com and their article: “Turquoise Hill Climbs on Speculation Rio May Take It Private” published on June 13, 2016 as well as Seekingalpha.com‘s news article titled: “Turquoise Hill Resources Is Like A 100 Kilogram Baby” with publication date: February 03, 2016.
Turquoise Hill Resources Ltd. is an international mining company. The company has a market cap of $7.99 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 16 P/E ratio. The Company’s Oyu Tolgoi mine is located approximately 550 kilometers south of Ulaanbaatar, Mongolia’s capital city, and approximately 80 kilometers north of the Mongolia-China border.