Credit Suisse Sticks to Their Hold Rating for Turquoise Hill Resources Ltd

Credit Suisse (SIX:CSGN) analyst Curt Woodworth maintained a Hold rating on Turquoise Hill Resources (NYSE:TRQ) Ltd on Wednesday, setting a price target of C$0.9, which is approximately 67.60% above the present share price of $0.54.

Woodworth expects Turquoise Hill Resources Ltd to post earnings per share (EPS) of $0.03 for the second quarter of 2020.

The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in Turquoise Hill Resources, with an average price target of $1.03.
The analysts price targets range from a high of $1.78 to a low of $0.6.

In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $130.66 million and a net profit of -$63.9 million. The company's market cap is $1.08 billion.

According to TipRanks.com, Credit Suisse analyst Curt Woodworth is a 4-star analyst with an average return of 6.3% and a 52.4% success rate.

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 Quebec, Canada.