Turquoise Hill Resources Ltd. with ticker code (TRQ) now have 2 analysts in total covering the stock. The consensus rating is ‘Strong_Buy’. The range between the high target price and low target price is between 35.14 and 23.43 calculating the mean target price we have 29.29. Now with the previous closing price of 31.7 this would imply there is a potential downside of -7.6%. There is a 50 day moving average of 30.41 while the 200 day moving average is 28.52. The company has a market cap of $6,381m. Visit the company website at: https://turquoisehill.com
The potential market cap would be $5,896m 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.
