Turquoise Hill Resources - TRQ Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Turquoise Hill Resources in the last twelve months. There are currently 4 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" TRQ shares. 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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4 brokerages have issued twelve-month target prices for Turquoise Hill Resources' shares. Their TRQ share price forecasts range from $34.00 to $43.00. On average, they predict the company's share price to reach $40.20 in the next year. This suggests a possible upside of 28.0% from the stock's current price.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 1st 2023.
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Turquoise Hill Resources Ltd. (NYSE:TRQ) released its earnings results on Monday, November, 14th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter. The basic materials company had revenue of $391.08 million for the quarter. Turquoise Hill Resources had a trailing twelve-month return on equity of 5.89% and a net margin of 33.00%.

Turquoise Hill Resources's stock 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 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 a variety of institutional and retail investors. Top institutional shareholders include Equitec Proprietary Markets LLC (0.00%), Concourse Financial Group Securities Inc. (0.00%) and FNY Investment Advisers LLC (0.00%).

One share of TRQ stock can currently be purchased for approximately $31.41.

Turquoise Hill Resources (NYSE:TRQ) has a market capitalization of $6.32 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 $2.79 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.