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NYSE:TRQ

Turquoise Hill Resources - TRQ Stock Forecast, Price & News

$23.30
-2.95 (-11.24%)
(As of 08/15/2022 05:35 PM ET)
Add
Compare
Today's Range
$21.63
$23.86
50-Day Range
$23.78
$30.62
52-Week Range
$9.75
$31.05
Volume
7.73 million shs
Average Volume
1.05 million shs
Market Capitalization
$4.69 billion
P/E Ratio
8.53
Dividend Yield
N/A
Price Target
$31.25

Turquoise Hill Resources MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
34.1% Upside
$31.25 Price Target
Short Interest
Healthy
3.67% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.38mentions of Turquoise Hill Resources in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.20 out of 5 stars

Basic Materials Sector

136th out of 177 stocks

Metal Mining Industry

11th out of 18 stocks

TRQ stock logo

About Turquoise Hill Resources (NYSE:TRQ) Stock

Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. The company primarily explores for copper, gold, and silver deposits. It engages in the operation and development of the Oyu Tolgoi copper-gold mine located in Southern Mongolia. The company was formerly known as Ivanhoe Mines Ltd. and changed its name to Turquoise Hill Resources Ltd. in August 2012. Turquoise Hill Resources Ltd. was incorporated in 1994 and is headquartered in Montreal, Canada. Turquoise Hill Resources Ltd. operates as a subsidiary of Rio Tinto Group.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TRQ. Scotiabank lowered their target price on Turquoise Hill Resources from C$44.00 to C$42.00 in a report on Thursday, July 7th. Canaccord Genuity Group decreased their target price on shares of Turquoise Hill Resources from C$44.00 to C$42.00 in a research note on Monday, August 8th. Finally, Canaccord Genuity Group reduced their price target on shares of Turquoise Hill Resources from $44.00 to $42.00 and set a "buy" rating on the stock in a research report on Monday, August 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $29.17.

Turquoise Hill Resources Price Performance

Shares of TRQ Stock opened at $26.25 on Monday. The firm has a market cap of $5.28 billion, a P/E ratio of 9.62 and a beta of 1.62. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.67 and a quick ratio of 0.45. Turquoise Hill Resources has a 1-year low of $9.75 and a 1-year high of $31.05. The firm has a fifty day moving average of $26.42 and a two-hundred day moving average of $25.90.

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TRQ Stock News Headlines

Why Is Turquoise Hill Resources (TRQ) Stock Down Today?
3 Copper Stocks to Buy for April 2022
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TRQ Company Calendar

Last Earnings
7/29/2021
Today
8/15/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Metal mining
Sub-Industry
N/A
Employees
3,478
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$31.25
High Stock Price Forecast
$42.00
Low Stock Price Forecast
$20.00
Forecasted Upside/Downside
+34.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
9 Analysts

Profitability

Net Income
$524.89 million
Pretax Margin
40.82%

Debt

Sales & Book Value

Annual Sales
$1.97 billion
Cash Flow
$3.05 per share
Book Value
$45.27 per share

Miscellaneous

Free Float
N/A
Market Cap
$4.69 billion
Optionable
Optionable
Beta
1.63














TRQ Stock - Frequently Asked Questions

Should I buy or sell Turquoise Hill Resources stock right now?

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.
View TRQ analyst ratings
or view top-rated stocks.

What is Turquoise Hill Resources' stock price forecast for 2022?

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.
View analysts price targets for TRQ
or view top-rated stocks among Wall Street analysts.

How have TRQ shares performed in 2022?

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.
View the best growth stocks for 2022 here
.

Are investors shorting Turquoise Hill Resources?

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.
View Turquoise Hill Resources' Short Interest
.

When is Turquoise Hill Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our TRQ earnings forecast
.

How were Turquoise Hill Resources' earnings last quarter?

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%.

When did Turquoise Hill Resources' stock split?

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.

What other stocks do shareholders of Turquoise Hill Resources own?

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).

What is Turquoise Hill Resources' stock symbol?

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

Who are Turquoise Hill Resources' major shareholders?

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%).

How do I buy shares of Turquoise Hill Resources?

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.

What is Turquoise Hill Resources' stock price today?

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

How much money does Turquoise Hill Resources make?

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.

How many employees does Turquoise Hill Resources have?

The company employs 3,478 workers across the globe.

How can I contact Turquoise Hill Resources?

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.

This page (NYSE:TRQ) was last updated on 8/15/2022 by MarketBeat.com Staff

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