Turquoise Hill Res (TRQ), the Materials sector company, was revisited by a Wall Street analyst today. Analyst Dalton Baretto from Canaccord Genuity rated Turquoise Hill Res (TRQ) a Buy, setting a C$4.25 price target.
According to TipRanks.com, Baretto is a 4-star analyst with an average return of 8.5% and a 54.4% success rate. Baretto covers the Basic Materials sector, focusing on stocks such as Trevali Mining Corporation, Teck Resources Limited, and Fortuna Silver Mines.
Turquoise Hill Res has an analyst consensus of Strong Buy, with a price target consensus of C$4.42.
Based on Turquoise Hill Res’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$69.49 million. In comparison, last year the company had a net profit of C$64.95 million.
Turquoise Hill Resources Ltd. 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.
The company’s shares closed on Wednesday at C$2.38.
