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Turquoise Hill Resources (TSE:TRQ) target price raised to $5.00, issued a report today by CIBC World Markets

Turquoise Hill Resources (TSE:TRQ) had its price target upped to $5.00 by CIBC World Markets in an issued report issued 09/15/2017. The upped price target implies a potential upside of 0.33% from the company's most recent stock price close.

Boasting a price of $3.76, Turquoise Hill Resources (TSE:TRQ) traded -1.05% lower on the day. With the last stock price close down -1.58% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. Turquoise Hill Resources has recorded a 50-day average of $3.99 and a two hundred day average of $3.82. Volume of trade was up over the average, with 1,889,347 shares of TRQ changing hands over the typical 1,182,120

Performance Chart

Turquoise Hill Resources (TSE:TRQ)

With a total market value of $0, Turquoise Hill Resources has price-earnings ratio of 62.67 with a one year low of $3.25 and a one year high of $5.03 .

A total of 6 analysts have released a research note on Turquoise Hill Resources. One analyst rating the company a strong buy, 2 firms rating the stock a buy, 4 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $4.31.

About Turquoise Hill Resources (TSE:TRQ)

Turquoise Hill Resources Ltd. is an international mining company. The Company 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. The Company's Oyu Tolgoi mine is held through approximately 65% interest in Oyu Tolgoi LLC (Oyu Tolgoi) and the remaining approximately 35% interest is held by Erdenes Oyu Tolgoi LLC (Erdenes). The Company's Oyu Tolgoi mine is located approximately 550 kilometers south of Ulaanbaatar, Mongolia's capital city, and 80 kilometers north of the Mongolia-China border. The Company's Mineralization on the property consists of porphyry-style copper, gold, silver and molybdenum contained in a linear structural trend (the Oyu Tolgoi Trend) of deposits throughout this trend. They include, from south to north, the Heruga Deposit, the Oyut deposit and the Hugo Dummett deposits (Hugo South, Hugo North and Hugo North Extension).

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