News articles about Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) have been trending somewhat positive on Sunday, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Turquoise Hill Resources earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 45.8830758823367 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Turquoise Hill Resources (NYSE TRQ) traded down $0.04 on Friday, hitting $3.51. The stock had a trading volume of 1,817,600 shares, compared to its average volume of 2,766,310. The company has a debt-to-equity ratio of 0.52, a quick ratio of 6.38 and a current ratio of 6.85. The firm has a market cap of $7,063.22, a P/E ratio of 31.91 and a beta of 0.30. Turquoise Hill Resources has a 12 month low of $2.44 and a 12 month high of $3.80.
Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) last issued its earnings results on Thursday, November 2nd. The basic materials company reported $0.03 EPS for the quarter. The company had revenue of $246.90 million during the quarter, compared to the consensus estimate of $246.86 million. Turquoise Hill Resources had a return on equity of 2.81% and a net margin of 24.48%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the business posted ($0.02) EPS.
A number of analysts have weighed in on the company. Scotiabank reiterated a “buy” rating and set a $5.50 price target on shares of Turquoise Hill Resources in a report on Monday, November 6th. Royal Bank of Canada set a $4.00 target price on Turquoise Hill Resources and gave the company a “hold” rating in a research note on Tuesday, October 10th. Finally, CIBC assumed coverage on Turquoise Hill Resources in a research note on Friday, September 15th. They issued a “sector outperform” rating for the company. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Turquoise Hill Resources currently has an average rating of “Hold” and a consensus target price of $4.75.
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Turquoise Hill Resources Company Profile
Turquoise Hill Resources Ltd. is an international mining company. The Company focuses on the operation and further development of the Oyu Tolgoi copper-gold mine in Southern Mongolia, which is the Company’s principal material mineral resource property. The Company’s Oyu Tolgoi mine is held through approximately 65% interest in Oyu Tolgoi LLC (Oyu Tolgoi) and the remaining approximately 35% interest is held by Erdenes Oyu Tolgoi LLC (Erdenes).
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