Turquoise Hill Resources Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Turquoise Hill Resources in the last year. There are currently 3 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 increase in short interest during the month of March. As of March 31st, there was short interest totaling 1,940,000 shares, an increase of 42.6% from the March 15th total of 1,360,000 shares. Based on an average trading volume of 1,080,000 shares, the short-interest ratio is presently 1.8 days. Currently, 2.0% of the company's shares are sold short.
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Turquoise Hill Resources is scheduled to release its next quarterly earnings announcement on Wednesday, May 12th 2021.
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Turquoise Hill Resources will be holding an earnings conference call on Wednesday, May 12th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Turquoise Hill Resources Ltd. (NYSE:TRQ) announced its quarterly earnings results on Sunday, March, 7th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.38. The basic materials company earned $405.10 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%.
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Turquoise Hill Resources' stock was trading at $4.5720 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, TRQ stock has increased by 359.8% and is now trading at $21.02.
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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.

7 brokerages have issued 12 month target prices for Turquoise Hill Resources' stock. Their forecasts range from $8.50 to $32.00. On average, they anticipate Turquoise Hill Resources' stock price to reach $21.36 in the next year. This suggests a possible upside of 1.6% from the stock's current price.
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Some companies that are related to Turquoise Hill Resources include Impala Platinum (IMPUY), South32 (SOUHY), Cleveland-Cliffs (CLF), Lundin Mining (LUNMF), MP Materials (MP), Exxaro Resources (EXXAY), Compañía de Minas Buenaventura S.A.A. (BVN), Hudbay Minerals (HBM), Pretium Resources (PVG), Centamin (CELTF), Lithium Americas (LAC), Nexa Resources (NEXA), New Gold (NGD), North American Palladium (PALDF) and Sierra Metals (SMTS).
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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 a number of retail and institutional investors. Top institutional investors include The Manufacturers Life Insurance Company (0.08%), BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp (0.05%), Alberta Investment Management Corp (0.05%), Scotia Capital Inc. (0.04%), Black Swift Group LLC (0.03%) and Sowell Financial Services LLC (0.01%).

TRQ stock was acquired by a variety of institutional investors in the last quarter, including BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, The Manufacturers Life Insurance Company , Alberta Investment Management Corp, Scotia Capital Inc., Black Swift Group LLC, Sowell Financial Services LLC, Blueshift Asset Management LLC, and NEXT Financial Group Inc.

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 $21.02.

Turquoise Hill Resources has a market capitalization of $4.23 billion and generates $1.17 billion in revenue each year.

Turquoise Hill Resources employs 3,093 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]