Canaccord Genuity analyst Dalton Baretto maintained a Buy rating on Turquoise Hill Resources (NYSE:TRQ) Ltd on Monday, setting a price target of C$2.25, which is approximately 230.88% above the present share price of $0.68.
Baretto 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 $1.02.
The analysts price targets range from a high of $1.65 to a low of $0.62.
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 $1.37 billion.
According to TipRanks.com, Canaccord Genuity analyst Dalton Baretto is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 11.6% and a 56.30% 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.