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 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" TRQ shares.
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9 analysts have issued 1-year price objectives for Turquoise Hill Resources' shares. Their TRQ share price forecasts range from $20.00 to $42.00. On average, they predict the company's share price to reach $31.25 in the next year. This suggests a possible upside of 33.5% from the stock's current price.
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Turquoise Hill Resources' stock was trading at $16.45 at the beginning of the year. Since then, TRQ stock has increased by 42.3% and is now trading at $23.41.
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Turquoise Hill Resources saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 3,830,000 shares, an increase of 82.4% from the June 30th total of 2,100,000 shares. Based on an average daily volume of 895,800 shares, the short-interest ratio is presently 4.3 days. Approximately 3.9% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
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Turquoise Hill Resources Ltd. (NYSE:TRQ) released its quarterly earnings results on Thursday, July, 29th. The basic materials company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.61 by $0.13. The basic materials company earned $317.80 million during the quarter. Turquoise Hill Resources had a net margin of 28.44% and a trailing twelve-month return on equity of 5.89%.

Shares of Turquoise Hill Resources reverse split 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 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 many different retail and institutional investors. Top institutional shareholders include Nomura Holdings Inc. (2.77%), Mirae Asset Global Investments Co. Ltd. (0.96%), Connor Clark & Lunn Investment Management Ltd. (0.57%), Bank of Montreal Can (0.17%), TD Asset Management Inc. (0.13%) and Public Sector Pension Investment Board (0.12%).

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.
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One share of TRQ stock can currently be purchased for approximately $23.41.

Turquoise Hill Resources (NYSE:TRQ) has a market capitalization of $4.71 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 $2.73 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.