Turquoise Hill Resources Ltd. – Consensus indicates downside potential of -1.6%

Turquoise Hill Resources Ltd. found using the ticker (TRQ) now have 2 total analysts covering the stock. The consensus rating is “Hold”. The range between the target high price and the target low price is between 25.05 and 24.55 with an average TP of 24.8. With the stock’s previous close at 25.2, this would indicate there is a -1.6% decline. The 50 day moving average now sits at 25.92 and the 200 moving average now moves to 22.59. The company has a market capitalization of $4,849 million. Company website: https://turquoisehill.com

The potential market capitalization would be $4,772 million based on market consensus.

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Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. The company mainly explores copper, gold and silver deposits. It is responsible for the operation and development of the Oyu Tolgoi copper-gold mine located in southern Mongolia. The company was previously 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. is a subsidiary of the Rio Tinto group.

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