Turquoise Hill Resources Ltd. found using ticker (TRQ) have now 2 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 24.83 and 24.33 calculating the mean target price we have 24.58. Now with the previous closing price of 27.96 this now indicates there is a potential downside of -12.1%. The day 50 moving average is 28.65 and the 200 day moving average is 19.18. The market capitalisation for the company is $5,622m. You can visit the company’s website by visiting: https://turquoisehill.com
The potential market cap would be $4,943m based on the market concensus.
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.
