Turquoise Hill Resources - TRQ Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Turquoise Hill Resources in the last twelve months. There are currently 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" TRQ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TRQ, but not buy additional shares or sell existing shares.
View TRQ analyst ratings or view top-rated stocks.

9 brokerages have issued 12-month price objectives for Turquoise Hill Resources' stock. Their TRQ share price forecasts range from $21.00 to $43.00. On average, they predict the company's stock price to reach $35.29 in the next twelve months. This suggests a possible upside of 11.6% from the stock's current price.
View analysts price targets for TRQ or view top-rated stocks among Wall Street analysts.

Turquoise Hill Resources' stock was trading at $16.45 on January 1st, 2022. Since then, TRQ stock has increased by 92.2% and is now trading at $31.61.
View the best growth stocks for 2022 here.

Turquoise Hill Resources saw a decline in short interest in November. As of November 15th, there was short interest totaling 2,000,000 shares, a decline of 44.8% from the October 31st total of 3,620,000 shares. Based on an average daily volume of 1,530,000 shares, the short-interest ratio is presently 1.3 days. Currently, 2.0% of the shares of the company are short sold.
View Turquoise Hill Resources' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 1st 2023.
View our TRQ earnings forecast.

Turquoise Hill Resources Ltd. (NYSE:TRQ) released its quarterly earnings data on Thursday, July, 29th. The basic materials company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.61 by $0.13. The basic materials company had revenue of $317.80 million for the quarter. Turquoise Hill Resources had a net margin of 33.00% and a trailing twelve-month return on equity of 5.89%.

Shares of Turquoise Hill Resources 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 closing bell on Friday, October 23rd 2020. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

Based on aggregate information from My MarketBeat watchlists, some companies that other Turquoise Hill Resources investors own include Stillwater Mining (SWC), IMAX (IMAX), Integrated Device Technology (IDTI), Kinross Gold (KGC), Skyworks Solutions (SWKS), 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 number of retail and institutional investors. Top institutional shareholders include Kopernik Global Investors LLC (1.93%), Vanguard Group Inc. (1.66%), Dimensional Fund Advisors LP (0.84%), Quinn Opportunity Partners LLC (0.63%), Pentwater Capital Management LP (0.00%) and Alliancebernstein L.P. (0.39%).

Shares of TRQ stock 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.
Compare Top Brokerages Here.

One share of TRQ stock can currently be purchased for approximately $31.61.

Turquoise Hill Resources (NYSE:TRQ) has a market capitalization of $6.36 billion and generates $1.97 billion in revenue each year. The basic materials company earns $524.89 million in net income (profit) each year or $2.79 on an earnings per share basis.

The company employs 3,478 workers across the globe.

Turquoise Hill Resources' mailing address is 1 PLACE VILLE-MARIE SUITE 3680, MONTREAL A8, H3B 3P2. The official website for the company is www.turquoisehill.com. The basic materials company can be reached via phone at (514) 848-1567, via email at tony.shaffer@turquoisehill.com, or via fax at 604-688-7168.