Turquoise Hill Resources Ltd. found using ticker (TRQ) have now 2 analysts in total covering the stock. The consensus rating is ‘Hold’. The range between the high target price and low target price is between 24.55 and 24.06 with the average target price sitting at 24.3. Given that the stocks previous close was at 24.46 this now indicates there is a potential downside of -.7%. The day 50 moving average is 27.3 and the 200 day MA is 21.18. The market cap for the company is $5,025m. You can visit the company’s website by visiting: https://turquoisehill.com
The potential market cap would be $4,992m 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.
