NYSE:TRQ - Turquoise Hill Resources Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $22.58
  • Forecasted Upside: 33.00 %
  • Number of Analysts: 7
  • Breakdown:
  • 0 Sell Ratings
  • 3 Hold Ratings
  • 4 Buy Ratings
  • 0 Strong Buy Ratings
$16.98
▲ +0.8 (4.94%)

This chart shows the closing price for TRQ by one month, three months, or twelve months.

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Analyst Price Target for TRQ

Analyst Price Target is $22.58
▲ +33.00% Upside Potential
This price target is based on 7 analysts offering 12 month price targets for Turquoise Hill Resources in the last 3 months. The average price target is $22.58, with a high forecast of $30.00 and a low forecast of $12.50. The average price target represents a 33.00% upside from the last price of $16.98.

This chart shows the closing price for TRQ for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 7 investment analysts is to buy stock in Turquoise Hill Resources. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart

  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
12/29/2019
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
3/28/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
6/26/2020
  • 0 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 0 sell ratings
9/24/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
12/23/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 3 hold ratings
  • 0 sell ratings
3/23/2021
  • 0 strong buy ratings
  • 4 buy ratings
  • 3 hold ratings
  • 0 sell ratings
5/22/2021
  • 0 strong buy ratings
  • 4 buy ratings
  • 3 hold ratings
  • 0 sell ratings
6/21/2021

Latest Recommendations

  • 0 strong buy ratings
  • 4 buy ratings
  • 3 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
6/18/2021MacquarieUpgradeNeutral ➝ Outperform$25.00Low
5/14/2021Canaccord GenuityLower Price TargetHoldC$25.00 ➝ C$24.00Low
5/14/2021BMO Capital MarketsLower Price TargetMarket PerformC$21.00 ➝ C$18.00Medium
5/14/2021ScotiabankLower Price TargetOutperformC$32.00 ➝ C$30.00Medium
5/13/2021MacquarieDowngradeOutperform ➝ NeutralHigh
4/20/2021BMO Capital MarketsBoost Price TargetMarket Perform$18.00 ➝ $20.00High
4/12/2021BMO Capital MarketsBoost Price TargetMarket Perform$18.00 ➝ $19.00Medium
4/12/2021ScotiabankBoost Price TargetOutperform$30.00 ➝ $32.00Medium
4/12/2021Canaccord GenuityUpgradeSell ➝ Hold$14.00 ➝ $22.50High
4/12/2021MacquarieUpgradeNeutral ➝ Outperform$28.00High
3/10/2021ScotiabankBoost Price TargetOutperform$27.00 ➝ $30.00Low
3/10/2021TD SecuritiesBoost Price TargetBuy$24.00 ➝ $26.00Low
3/4/2021BMO Capital MarketsDowngradeOutperform ➝ Market Perform$23.00 ➝ $18.00Medium
3/4/2021Canaccord GenuityDowngradeHold ➝ SellHigh
1/19/2021Canaccord GenuityBoost Price TargetHold$14.00 ➝ $16.50Low
1/11/2021ScotiabankBoost Price TargetOutperform$22.50 ➝ $27.00Medium
1/8/2021Canaccord GenuityBoost Price TargetHold$13.50 ➝ $18.50Medium
1/5/2021BMO Capital MarketsInitiated CoverageOutperformN/A
12/17/2020ScotiabankBoost Price TargetOutperform$20.00 ➝ $22.50High
11/17/2020TD SecuritiesBoost Price TargetBuy$17.50 ➝ $21.00Medium
9/3/2020ScotiabankBoost Price TargetOutperform$15.00 ➝ $20.00Medium
8/5/2020Royal Bank of CanadaLower Price TargetSector Perform$15.00 ➝ $12.50Medium
7/20/2020Canaccord GenuityBoost Price TargetBuy$22.50 ➝ $25.00High
7/6/2020CIBCUpgradeNeutral ➝ Sector OutperformHigh
5/15/2020CIBCBoost Price TargetNeutral$8.00 ➝ $8.50High
4/24/2020CIBCReiterated RatingHold$8.00Low
4/1/2020CIBCDowngradeOutperform ➝ Neutral$16.00 ➝ $7.00High
1/22/2020CIBCUpgradeNeutral ➝ Sector Outperform$10.00 ➝ $16.00High
1/10/2020TD SecuritiesBoost Price TargetSpeculative Buy$16.00 ➝ $20.00Low
10/11/2019MacquarieUpgradeNeutral ➝ OutperformMedium
7/17/2019Royal Bank of CanadaLower Price TargetSector Perform$30.00 ➝ $20.00Low
7/17/2019CIBCDowngradeOutperform ➝ NeutralHigh
7/17/2019TD SecuritiesReiterated RatingBuy ➝ Speculative Buy$40.00 ➝ $22.50Low
7/16/2019Eight CapitalDowngradeBuy ➝ NeutralHigh
3/29/2019CIBCReiterated RatingHold$33.00Low
1/20/2019CIBCReiterated RatingBuyMedium
11/6/2018CIBCReiterated RatingBuyLow
11/6/2017ScotiabankReiterated RatingBuy$55.00N/A
10/10/2017Royal Bank of CanadaSet Price TargetHold$40.00N/A
9/15/2017CIBCInitiated CoverageSector Outperform ➝ Sector OutperformLow
8/2/2017Royal Bank of CanadaReiterated RatingHold$40.00Low
5/25/2017Royal Bank of CanadaReiterated RatingHold$40.00Medium
4/19/2017Royal Bank of CanadaReiterated RatingHoldMedium
4/18/2017Credit Suisse GroupReiterated RatingNeutralMedium
11/14/2016Canaccord GenuityUpgradeHold ➝ BuyN/A
11/8/2016ScotiabankReiterated RatingSector Perform$55.00N/A
11/6/2016TD SecuritiesReiterated RatingBuy$55.00N/A
10/26/2016Credit Suisse GroupReiterated RatingNeutral$47.50 ➝ $50.00N/A
10/24/2016TD SecuritiesReiterated RatingBuy$55.00N/A
10/23/2016ScotiabankReiterated RatingSector Perform$55.00N/A
10/22/2016Royal Bank of CanadaReiterated RatingSector PerformN/A
10/13/2016Royal Bank of CanadaReiterated RatingSector Perform$50.00N/A
8/17/2016Canaccord GenuityInitiated CoverageHold$45.00N/A
8/4/2016TD SecuritiesReiterated RatingBuy$55.00N/A
8/4/2016ScotiabankReiterated RatingSector Perform$55.00N/A
7/19/2016ScotiabankReiterated RatingSector Perform$50.00N/A
7/19/2016Royal Bank of CanadaReiterated RatingSector Perform$50.00N/A
7/18/2016Royal Bank of CanadaInitiated CoverageSector Perform$40.00N/A
(Data available from 6/22/2016 forward)
Turquoise Hill Resources logo
Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. The company explores for copper, gold, and silver deposits. It develops and operates the Oyu Tolgoi copper-gold mine located in Southern Mongolia. The company was formerly known as Ivanhoe Mines Ltd. and changed its name to Turquoise Hill Resources Ltd. in August 2012. Turquoise Hill Resources Ltd. was incorporated in 1994 and is headquartered in Montreal, Canada. Turquoise Hill Resources Ltd. is a subsidiary of Rio Tinto plc.
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Today's Range

Now: $16.98
Low: $16.38
High: $17.05

50 Day Range

MA: $17.81
Low: $16.07
High: $21.18

52 Week Range

Now: $16.98
Low: $6.80
High: $21.89

Volume

940,613 shs

Average Volume

1,112,450 shs

Market Capitalization

$3.42 billion

P/E Ratio

5.64

Dividend Yield

N/A

Beta

2.16

Frequently Asked Questions

What sell-side analysts currently cover shares of Turquoise Hill Resources?

The following Wall Street research analysts have issued reports on Turquoise Hill Resources in the last year: BMO Capital Markets, Canaccord Genuity, CIBC, Macquarie, Royal Bank of Canada, Scotiabank, TD Securities, and TheStreet.
View the latest analyst ratings for TRQ.

What is the current price target for Turquoise Hill Resources?

6 Wall Street analysts have set twelve-month price targets for Turquoise Hill Resources in the last year. Their average twelve-month price target is $22.58, suggesting a possible upside of 39.6%. Scotiabank has the highest price target set, predicting TRQ will reach $30.00 in the next twelve months. Royal Bank of Canada has the lowest price target set, forecasting a price of $12.50 for Turquoise Hill Resources in the next year.
View the latest price targets for TRQ.

What is the current consensus analyst rating for Turquoise Hill Resources?

Turquoise Hill Resources currently has 3 hold ratings and 4 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe TRQ will outperform the market and that investors should add to their positions of Turquoise Hill Resources.
View the latest ratings for TRQ.

What other companies compete with Turquoise Hill Resources?

How do I contact Turquoise Hill Resources' investor relations team?

Turquoise Hill Resources' physical mailing address is 1 PLACE VILLE-MARIE SUITE 3680, MONTREAL A8, H3B 3P2. The basic materials company's listed phone number is 514-848-1567 and its investor relations email address is [email protected] The official website for Turquoise Hill Resources is www.turquoisehill.com.