Turquoise Hill Resources Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Turquoise Hill Resources in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Turquoise Hill Resources stock. 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.
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Wall Street analysts have given Turquoise Hill Resources a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Turquoise Hill Resources wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Turquoise Hill Resources is scheduled to release its next quarterly earnings announcement on Thursday, July 29th 2021.
View our earnings forecast for Turquoise Hill Resources.

Turquoise Hill Resources will be holding an earnings conference call on Friday, July 30th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Turquoise Hill Resources Ltd. (NYSE:TRQ) posted its earnings results on Wednesday, May, 12th. The basic materials company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.47. The basic materials company had revenue of $526.55 million for the quarter. Turquoise Hill Resources had a trailing twelve-month return on equity of 7.31% and a net margin of 41.38%.
View Turquoise Hill Resources' earnings history.

Turquoise Hill Resources' stock was trading at $4.5720 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, TRQ stock has increased by 226.3% and is now trading at $14.92.
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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 Turquoise Hill Resources stock prior to the reverse split would have 10 shares after the split.

6 brokerages have issued twelve-month target prices for Turquoise Hill Resources' shares. Their forecasts range from $12.50 to $31.00. On average, they expect Turquoise Hill Resources' share price to reach $22.58 in the next year. This suggests a possible upside of 51.4% from the stock's current price.
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Some companies that are related to Turquoise Hill Resources include Cleveland-Cliffs (CLF), South32 (SOUHY), Lundin Mining (LUNMF), MP Materials (MP), Exxaro Resources (EXXAY), Compañía de Minas Buenaventura S.A.A. (BVN), Hudbay Minerals (HBM), Pretium Resources (PVG), Lithium Americas (LAC), Centamin (CELTF), Nexa Resources (NEXA), New Gold (NGD), Ferroglobe (GSM), North American Palladium (PALDF) and Augusta Gold (BFGC).
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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), (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."

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 $14.92.

Turquoise Hill Resources has a market capitalization of $3.00 billion and generates $1.08 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]