Turquoise Hill Resources Ltd (NYSE:TRQ)’s Price Target Increased


 Dallas, Texas 03/25/2014 (FINANCIALSTRENDS) –  Analysts at the Cowen and Company firm have upped their price target on Turquoise Hill Resources Ltd (NYSE:TRQ) shares from $8.35 up to $8.69 in the research report that was issued to clients & investors on Friday. Cowen and Company’s price-objective points to the potential upside of 152.25 percent from Turquoise Hill Resources Ltd (NYSE:TRQ)’s current price. Recently, numerous other analysts have also commented on the Turquoise Hill Resources Ltd (NYSE:TRQ) stock. Analysts at the UBS AG firm initiated their coverage on the Turquoise Hill Resources Ltd (NYSE:TRQ) shares in the research note on 7 March. They have assigned a rating of “buy” on the company’s stock.

Analysts at the TD Securities firm have now upgraded Turquoise Hill Resources Ltd (NYSE:TRQ) shares from a “reduce” to a “hold” rating in the research note on 21 January. One research- analyst has rated the Turquoise Hill Resources Ltd (NYSE:TRQ) stock with a “sell” rating, 4 have set a “ hold” rating and 2 have assigned a “buy” rating to Turquoise Hill Resources Ltd (NYSE:TRQ). Currently, the average rating on the company is a “hold” and the average price target is $7.76.

Turquoise Hill Resources Ltd (NYSE:TRQ) was formerly the Ivanhoe Mines Ltd. is a global mineral exploration & a development company. Its main mineral resource property is its Oyu Tolgoi Project that is located in Mongolia. T Turquoise Hill Resources Ltd (NYSE:TRQ) also has 2 subsidiaries, via which it now holds interests in the coal resource properties that are in Mongolia & the molybdenum and rhenium, copper, gold & uranium resource-properties in Australia. The company’s subsidiary, is SouthGobi Resources Ltd, which owns as well as operates its Ovoot Tolgoi Coal Project that is situated in Mongolia. The company’s subsidiary, which is Ivanhoe Australia Limited owns its Osborne Project, and the Merlin Project & Mount Dore Project, all of these are situated in Queensland, in Australia.

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