Turquoise Hill Resources (TSE:TRQ) (NYSE:TRQ) had its target price trimmed by Canaccord Genuity from C$4.50 to C$2.25 in a research report sent to investors on Tuesday, BayStreet.CA reports.
A number of other research firms have also issued reports on TRQ. CIBC reduced their target price on Turquoise Hill Resources from C$4.00 to C$3.50 in a research note on Monday, March 18th. Eight Capital lowered Turquoise Hill Resources from a buy rating to a neutral rating and reduced their target price for the company from C$4.50 to C$3.00 in a research note on Tuesday. Finally, TD Securities upped their target price on Yellow Pages from C$8.00 to C$9.00 and gave the company a hold rating in a research note on Friday, May 17th.
TRQ stock opened at C$0.83 on Tuesday. Turquoise Hill Resources has a 1 year low of C$0.76 and a 1 year high of C$3.82. The company has a current ratio of 6.32, a quick ratio of 2.98 and a debt-to-equity ratio of 49.44. The company has a 50 day moving average of C$1.52. The stock has a market cap of $1.63 billion and a price-to-earnings ratio of 3.82.
About Turquoise Hill Resources
Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. The company explores for copper, gold, silver, and molybdenum deposits. It primarily develops and operates the Oyu Tolgoi mine located in the southern Mongolia. The company was formerly known as Ivanhoe Mines Ltd.
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