Turquoise Hill Resources Stock Forecast, Price & News

Turquoise Hill Resources' stock was trading at $4.5720 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, TRQ shares have increased by 146.1% and is now trading at $11.25.
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6 Wall Street 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 research analysts is that investors should "buy" Turquoise Hill Resources stock.
View analyst ratings for Turquoise Hill Resources or view MarketBeat's top 5 stock picks.

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6,978 employees have rated Turquoise Hill Resources CEO Larry J. Merlo on Glassdoor.com. Larry J. Merlo has an approval rating of 37% among Turquoise Hill Resources' employees. This puts Larry J. Merlo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

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) released its quarterly earnings results on Wednesday, November, 18th. The basic materials company reported $0.64 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.99 by $0.35. The basic materials company earned $264.52 million during the quarter. Turquoise Hill Resources had a net margin of 42.70% and a return on equity of 4.76%.
View Turquoise Hill Resources' earnings history.

Turquoise Hill Resources shares reverse split on the morning of 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 target prices for Turquoise Hill Resources' stock. Their forecasts range from $8.50 to $27.00. On average, they expect Turquoise Hill Resources' stock price to reach $17.10 in the next twelve months. This suggests a possible upside of 52.0% from the stock's current price.
View analysts' price targets for Turquoise Hill Resources or view Wall Street analyst' top-rated stocks.

Turquoise Hill Resources saw a decrease in short interest in the month of December. As of December 31st, there was short interest totaling 979,400 shares, a decrease of 24.7% from the December 15th total of 1,300,000 shares. Based on an average daily trading volume, of 480,300 shares, the short-interest ratio is currently 2.0 days. Currently, 1.0% of the company's stock are short sold.
View Turquoise Hill Resources' Short Interest.

Some companies that are related to Turquoise Hill Resources include Lundin Mining (LUNMF), Cleveland-Cliffs (CLF), Exxaro Resources (EXXAY), Compañía de Minas Buenaventura S.A.A. (BVN), Lithium Americas (LAC), Pretium Resources (PVG), Centamin (CELTF), Hudbay Minerals (HBM), MP Materials (MP), New Gold (NGD), Nexa Resources (NEXA), North American Palladium (PALDF), Sierra Metals (SMTS), Jaguar Mining (JAGGD) and Jaguar Mining (JAGGF).
View all of TRQ's competitors.

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 a variety of institutional and retail investors. Top institutional shareholders include Nwam LLC (0.01%).

TRQ stock was sold by a variety of institutional investors in the last quarter, including Nwam LLC.

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.

One share of TRQ stock can currently be purchased for approximately $11.25.

Turquoise Hill Resources has a market capitalization of $2.26 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' 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]