NYSE:TRQ

Turquoise Hill Resources Stock Forecast, Price & News

$11.25

-0.36 (-3.10 %)

(As of 01/22/2021 12:00 AM ET)

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Today's Range

$11.11

Now: $11.25▼

$11.43

50-Day Range

$10.66

MA: $12.34▼

$14.48

52-Week Range

$3.01

Now: $11.25▼

$14.62

Volume1.00 million shs

Average Volume1.19 million shs

Market Capitalization$2.26 billion

P/E Ratio5.80

Dividend YieldN/A

Beta2.12

Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. The company explores for copper, gold, and silver deposits. It primarily develops and operates 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 founded in 1994 and is headquartered in Montreal, Canada. Turquoise Hill Resources Ltd. is a subsidiary of Rio Tinto plc.

MarketRank^™

Overall MarketRank^™

1.38 out of 5 stars

Basic Materials Sector

189th out of 809 stocks

Metal Mining Industry

17th out of 88 stocks

3.3 Analyst's Opinion

Consensus Rating
Turquoise Hill Resources has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $17.10, Turquoise Hill Resources has a forecasted upside of 52.0% from its current price of $11.25.
Amount of Analyst Coverage
Turquoise Hill Resources has only been the subject of 4 research reports in the past 90 days.

1.7 Community Rank

Outperform Votes
Turquoise Hill Resources has received 271 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Turquoise Hill Resources has received 527 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Turquoise Hill Resources has received 66.04% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Turquoise Hill Resources and other stocks. Vote “Outperform” if you believe TRQ will outperform the S&P 500 over the long term. Vote “Underperform” if you believe TRQ will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Turquoise Hill Resources does not currently pay a dividend.
Dividend Growth
Turquoise Hill Resources does not have a long track record of dividend growth.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Turquoise Hill Resources insiders have not sold or bought any company stock.

1.9 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Turquoise Hill Resources is 5.80, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of Turquoise Hill Resources is 5.80, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 24.43.
Price to Book Value per Share Ratio
Turquoise Hill Resources has a P/B Ratio of 0.29. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Metal mining

Sub-IndustryN/A

SectorBasic Materials

Current SymbolNYSE:TRQ

Previous SymbolNYSE:IVN

CUSIPN/A

CIK1158041

Webwww.turquoisehill.com

Phone514-848-1567

Employees2,854

Debt

Debt-to-Equity Ratio0.51

Current Ratio3.17

Quick Ratio2.81

Price-To-Earnings

Trailing P/E Ratio5.80

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.17 billion

Price / Sales1.94

Cash Flow$2.96 per share

Price / Cash Flow3.80

Book Value$39.41 per share

Price / Book0.29

Profitability

EPS (Most Recent Fiscal Year)N/A

Net Income$-150,460,000.00

Net Margins42.70%

Return on Equity4.76%

Return on Assets2.95%

Miscellaneous

Outstanding Shares201,231,000

Market Cap$2.26 billion

Next Earnings Date3/19/2021 (Estimated)

OptionableOptionable

$11.25

-0.36 (-3.10 %)

(As of 01/22/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Turquoise Hill Resources (NYSE:TRQ) Frequently Asked Questions

How has Turquoise Hill Resources' stock been impacted by Coronavirus (COVID-19)?

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. Since then, TRQ stock has increased by 146.1% and is now trading at $11.25.
View which stocks have been most impacted by COVID-19.

Is Turquoise Hill Resources a buy right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Turquoise Hill Resources in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Turquoise Hill Resources stock.
View analyst ratings for Turquoise Hill Resources or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Turquoise Hill Resources?

Wall Street analysts have given Turquoise Hill Resources a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Turquoise Hill Resources wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Turquoise Hill Resources' next earnings date?

Turquoise Hill Resources is scheduled to release its next quarterly earnings announcement on Friday, March 19th 2021.
View our earnings forecast for Turquoise Hill Resources.

How were Turquoise Hill Resources' earnings last quarter?

Turquoise Hill Resources Ltd. (NYSE:TRQ) issued its quarterly earnings data on Wednesday, November, 18th. The basic materials company reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.99 by $0.35. The basic materials company had revenue of $264.52 million for the quarter. Turquoise Hill Resources had a trailing twelve-month return on equity of 4.76% and a net margin of 42.70%.
View Turquoise Hill Resources' earnings history.

When did Turquoise Hill Resources' stock split? How did Turquoise Hill Resources' stock split work?

Turquoise Hill Resources shares 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 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.

What price target have analysts set for TRQ?

6 equities research analysts have issued 12 month price objectives for Turquoise Hill Resources' stock. Their forecasts range from $8.50 to $27.00. On average, they expect Turquoise Hill Resources' share price to reach $17.10 in the next year. This suggests a possible upside of 52.0% from the stock's current price.
View analysts' price targets for Turquoise Hill Resources or view Wall Street analyst' top-rated stocks.

Are investors shorting Turquoise Hill Resources?

Turquoise Hill Resources saw a drop in short interest in December. As of December 31st, there was short interest totaling 979,400 shares, a drop of 24.7% from the December 15th total of 1,300,000 shares. Based on an average trading volume of 480,300 shares, the days-to-cover ratio is currently 2.0 days. Approximately 1.0% of the company's stock are short sold.
View Turquoise Hill Resources' Short Interest.

Who are some of Turquoise Hill Resources' key competitors?

Some companies that are related to Turquoise Hill Resources include Lundin Mining (LUNMF), Cleveland-Cliffs (CLF), Exxaro Resources (EXXAY), Compañía de Minas Buenaventura S.A.A. (BVN), Lithium Americas (LAC), Pretium Resources (PVG), Centamin (CELTF), Hudbay Minerals (HBM), MP Materials (MP), New Gold (NGD), Nexa Resources (NEXA), North American Palladium (PALDF), Sierra Metals (SMTS), Jaguar Mining (JAGGD) and Jaguar Mining (JAGGF).
View all of TRQ's competitors.

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 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).

Who are Turquoise Hill Resources' key executives?

Turquoise Hill Resources' management team includes the following people:

Mr. Ulf Quellmann, CEO & Non-Independent Director (Age 54)
Mr. Luke Colton, Chief Financial Officer
Ms. Jo-Anne Dudley, Chief Operating Officer
Mr. Roy McDowall, Head of Investor Relations & Corp. Communications
Mr. Dustin Sean Isaacs, VP, Gen. Counsel & Corp. Sec.

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 institutional and retail investors. Top institutional shareholders include Nwam LLC (0.01%).

Which institutional investors are selling Turquoise Hill Resources stock?

TRQ stock was sold by a variety of institutional investors in the last quarter, including Nwam LLC.

How do I buy shares of Turquoise Hill Resources?

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.

What is Turquoise Hill Resources' stock price today?

One share of TRQ stock can currently be purchased for approximately $11.25.

How big of a company is Turquoise Hill Resources?

Turquoise Hill Resources has a market capitalization of $2.26 billion and generates $1.17 billion in revenue each year. Turquoise Hill Resources employs 2,854 workers across the globe.

What is Turquoise Hill Resources' official website?

The official website for Turquoise Hill Resources is www.turquoisehill.com.

How can I contact Turquoise Hill Resources?

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]

This page was last updated on 1/24/2021 by MarketBeat.com Staff

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