Turquoise Hill Resources Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Turquoise Hill Resources in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Turquoise Hill Resources stock.
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Turquoise Hill Resources saw a drop in short interest in the month of January. As of January 29th, there was short interest totaling 937,700 shares, a drop of 21.9% from the January 14th total of 1,200,000 shares. Based on an average daily trading volume, of 804,600 shares, the days-to-cover ratio is currently 1.2 days. Currently, 1.0% of the shares of the company are sold short.
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Turquoise Hill Resources is scheduled to release its next quarterly earnings announcement on Friday, March 19th 2021.
View our earnings forecast for Turquoise Hill Resources.

Turquoise Hill Resources Ltd. (NYSE:TRQ) posted its quarterly earnings results on Wednesday, November, 18th. The basic materials company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by $0.35. The basic materials company earned $264.52 million during the quarter. Turquoise Hill Resources had a trailing twelve-month return on equity of 4.76% and a net margin of 42.70%.
View Turquoise Hill Resources' earnings history.

Turquoise Hill Resources' stock was trading at $4.5720 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, TRQ shares have increased by 231.6% and is now trading at $15.16.
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Turquoise Hill Resources's stock reverse split before market open on Monday, October 26th 2020. The 1-10 reverse split was announced on Thursday, October 1st 2020. The number of shares owned by shareholders was adjusted after the market closes on Friday, October 23rd 2020. An investor that had 100 shares of Turquoise Hill Resources stock prior to the reverse split would have 10 shares after the split.

6 brokerages have issued 12 month price objectives for Turquoise Hill Resources' shares. Their forecasts range from $8.50 to $27.00. On average, they expect Turquoise Hill Resources' share price to reach $17.10 in the next twelve months. This suggests a possible upside of 12.8% from the stock's current price.
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Some companies that are related to Turquoise Hill Resources include South32 (SOUHY), Lundin Mining (LUNMF), Cleveland-Cliffs (CLF), Exxaro Resources (EXXAY), Compañía de Minas Buenaventura S.A.A. (BVN), Lithium Americas (LAC), Hudbay Minerals (HBM), Pretium Resources (PVG), MP Materials (MP), Centamin (CELTF), Nexa Resources (NEXA), New Gold (NGD), North American Palladium (PALDF), Augusta Gold (BFGC) and Jaguar Mining (JAGGD).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Turquoise Hill Resources investors own include 555025 (SWC), IMAX (IMAX), Integrated Device Technology (IDTI), Kinross Gold (KGC), Skyworks Solutions (SWKS), (SAND), Advanced Micro Devices (AMD), Bombardier, Inc. Class B (BBD.B), First Majestic Silver (AG) and Yamana Gold (AUY).

Turquoise Hill Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "TRQ."

Turquoise Hill Resources' stock is owned by many different retail and institutional investors. Top institutional shareholders include Kopernik Global Investors LLC (4.07%), Credit Suisse AG (2.48%), Oregon Public Employees Retirement Fund (0.82%), ETF Managers Group LLC (0.68%), Georgetown University (0.56%) and Shah Capital Management (0.53%).

TRQ stock was sold by a variety of institutional investors in the last quarter, including Kopernik Global Investors LLC, Credit Suisse AG, Oregon Public Employees Retirement Fund, Georgetown University, Shah Capital Management, Sei Investments Co., Swiss National Bank, and PM CAPITAL Ltd.

TRQ stock was purchased by a variety of institutional investors in the last quarter, including ETF Managers Group LLC, Intact Investment Management Inc., Healthcare of Ontario Pension Plan Trust Fund, Northern Trust Corp, Trexquant Investment LP, Renaissance Technologies LLC, Paloma Partners Management Co, and Zurcher Kantonalbank Zurich Cantonalbank.

Shares of TRQ can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TRQ stock can currently be purchased for approximately $15.16.

Turquoise Hill Resources has a market capitalization of $3.05 billion and generates $1.17 billion in revenue each year.

Turquoise Hill Resources employs 2,854 workers across the globe.

The official website for Turquoise Hill Resources is www.turquoisehill.com.

Turquoise Hill Resources is headquartered at 1 PLACE VILLE-MARIE SUITE 3680, MONTREAL A8, H3B 3P2.

Turquoise Hill Resources' mailing address is 1 PLACE VILLE-MARIE SUITE 3680, MONTREAL A8, H3B 3P2. The basic materials company can be reached via phone at 514-848-1567 or via email at [email protected]