Turquoise Hill Receives a Hold from RBC Capital

By Austin Angelo

In a report released yesterday, Sam Crittenden from RBC Capital reiterated a Hold rating on Turquoise Hill (NYSE: TRQ), with a price target of $4. The company’s shares opened today at $2.92.

According to TipRanks.com, Crittenden is ranked 0 out of 5 stars with an average return of -18.5% and a 17.9% success rate. Crittenden covers the Basic Materials sector, focusing on stocks such as Stillwater Mining Company, Hecla Mining Company, and Timmins Gold Corp.

Turquoise Hill has an analyst consensus of Hold, with a price target consensus of $4.

Turquoise Hill’s market cap is currently $5.84B and has a P/E ratio of 48.33. The company has a book value ratio of 0.6654.

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Turquoise Hill Resources Ltd. is a mining company, which engages in the exploration and development of mineral properties. Its principal mineral resource property include Oyu Tolgoi copper-gold-silver project located in southern Mongolia. The company was founded by Robert Martin Friedland on January 25, 1994 and is headquartered in Vancouver, Canada.