NYSE:TRQ - Turquoise Hill Resources Stock Price, Forecast & News

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

Turquoise Hill Resources Ltd (NYSE:TRQ) released its quarterly earnings data on Thursday, November, 1st. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.02 by $0.01. The basic materials company earned $247 million during the quarter, compared to analysts' expectations of $258.30 million. Turquoise Hill Resources had a negative net margin of 12.60% and a positive return on equity of 5.34%. The company's revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the company earned $0.03 EPS. View Turquoise Hill Resources' Earnings History.

Turquoise Hill Resources is scheduled to release their next quarterly earnings announcement on Thursday, March 12th 2020. View Earnings Estimates for Turquoise Hill Resources.

5 brokers have issued 1 year price targets for Turquoise Hill Resources' stock. Their forecasts range from $1.60 to $2.00. On average, they expect Turquoise Hill Resources' share price to reach $1.87 in the next year. This suggests a possible upside of 216.4% from the stock's current price. View Analyst Price Targets for Turquoise Hill Resources.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Turquoise Hill Resources in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Turquoise Hill Resources.

News headlines about TRQ stock have been trending somewhat negative recently, according to InfoTrie Sentiment. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Turquoise Hill Resources earned a coverage optimism score of -1.0 on InfoTrie's scale. They also assigned media headlines about the basic materials company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Turquoise Hill Resources.

Turquoise Hill Resources saw a decline in short interest during the month of January. As of January 15th, there was short interest totalling 4,710,000 shares, a decline of 40.2% from the December 31st total of 7,880,000 shares. Based on an average trading volume of 3,750,000 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.5% of the shares of the stock are sold short. View Turquoise Hill Resources' Current Options Chain.

Some companies that are related to Turquoise Hill Resources include Lundin Mining (LUNMF), Compania de Minas Buenaventura SAA (BVN), EXXARO RESOURCE/S (EXXAY), Centamin (CELTF), Cleveland-Cliffs (CLF), Pretium Resources (PVG), Nexa Resources (NEXA), North American Palladium (PALDF), Hudbay Minerals (HBM), Lithium Americas (LAC), Mountain Province Diamonds (MPVD), Jaguar Mining (JAGGF), Fission Uranium (FCUUF), Rubicon Minerals (RBYCF) and Amerigo Resources (ARREF).

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), Skyworks Solutions (SWKS), Kinross Gold (KGC), Bombardier, Inc. Class B (BBD.B), Encana (ECA), Barrick Gold (GOLD), Advanced Micro Devices (AMD) and CA (CA).

Turquoise Hill Resources' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Kopernik Global Investors LLC (3.99%), Credit Suisse AG (3.01%), Russell Investments Group Ltd. (2.99%), Capital World Investors (0.68%), Shah Capital Management (0.51%) and Anchor Bolt Capital LP (0.24%).

TRQ stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Bank of Montreal Can, Sprott Inc., Marshall Wace North America L.P., Marshall Wace LLP, Gabelli Funds LLC, Credit Suisse AG and Signition LP.

TRQ stock was bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Kopernik Global Investors LLC, Capital World Investors, Shah Capital Management, Goldman Sachs Group Inc., Georgetown University, Raymond James & Associates and Bank of America Corp DE.

Shares of TRQ can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of TRQ stock can currently be purchased for approximately $0.59.

Turquoise Hill Resources has a market capitalization of $1.19 billion and generates $1.18 billion in revenue each year. Turquoise Hill Resources employs 2,615 workers across the globe.View Additional Information About Turquoise Hill Resources.

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

Turquoise Hill Resources' mailing address is Suite 354 - 200 Granville Street, Vancouver A1, V6C 1S4. The basic materials company can be reached via phone at 604-688-5755 or via email at [email protected]