Turquoise Hill Resources (TRQ) Earns Coverage Optimism Rating of 0.12

Lloyd Doyle
September 17, 2017

Finally, Eight Capital reissued a "buy" rating on shares of Turquoise Hill Resources in a research note on Thursday, August 17th. Turquoise Hill Resources now has an average rating of "Hold" and a consensus target price of $5.00.

Turquoise Hill Resources Ltd (NYSE:TRQ) has average revenue estimates of $230.1 Million, compared to low analyst estimates of $215 Million and high estimates of $245.2 Million for the current quarter.

The share price of the company (NYSE:TRQ) was down -0.48%, with a high of 3.13 during the day and the volume of Turquoise Hill Resources Ltd. shares traded was 1740509.

The company's P/E ratio is 51.750 and market cap is 6.25B. RBC Capital Markets maintained Turquoise Hill Resources Ltd (NYSE:TRQ) on Friday, May 26 with "Hold" rating. It is now trading at $3.11 a bit lower than the 50 day moving average of $3.20 and just above the 200 day moving average of $2.93.

The company is now down by 0.481% percent from yesterday's close. Current price level places the company's stock about -17.89% from the 52-week high and 27.87% away from the 52-week low.


Shares of Turquoise Hill Resources (NYSE:TRQ) opened at 3.13 on Thursday.

Turquoise Hill Resources Ltd. has a 50 day moving average of 3.20 and a 200 day moving average of 2.93. The business had revenue of $203.70 million for the quarter, compared to analysts' expectations of $223.14 million. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The business's quarterly revenue was down 38.2% compared to the same quarter past year. On average, analysts anticipate that Turquoise Hill Resources will post $0.02 EPS for the current fiscal year. Turquoise Hill Resources had a net margin of 14.20% and a return on equity of 1.60%. If you are viewing this piece of content on another publication, it was stolen and republished in violation of United States & global trademark & copyright legislation. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2017/09/17/turquoise-hill-resources-ltd-trq-coverage-initiated-at-cibc.html.

The stock decreased 0.64% or $0.02 on September 15, reaching $3.1. Raffles Associates LP bought a new position in Turquoise Hill Resources in the 2nd quarter worth $530,000. On Monday, November 9 the stock rating was upgraded by Macquarie Research to "Outperform". Key Group Holdings Cayman LTD. now owns 8,968,520 shares of the basic materials company's stock worth $23,819,000 after acquiring an additional 1,758,133 shares in the last quarter. BidaskClub upgraded Turquoise Hill Resources from a "sell" rating to a "hold" rating in a research note on Saturday, June 24th. The company was founded in 1994 and is headquartered in Vancouver, Canada.

03/07/2014 - UBS began new coverage on Turquoise Hill Resources Ltd. giving the company a "buy" rating. Its principal material mineral resource property is the Oyu Tolgoi copper-gold mine located in the southern Mongolia. The company engages in mining copper, gold, and silver. The Company's Oyu Tolgoi mine is held through approximately 65% interest in Oyu Tolgoi LLC and the remaining approximately 35% interest is held by Erdenes Oyu Tolgoi LLC (Erdenes).

Other reports by Iphone Fresh

Discuss This Article

FOLLOW OUR NEWSPAPER