NYSE:TRQTurquoise Hill Resources Stock Price, Forecast & News

Turquoise Hill Resources' stock was trading at $0.4572 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, TRQ stock has increased by 90.3% and is now trading at $0.87.
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5 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 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Turquoise Hill Resources is scheduled to release its next quarterly earnings announcement on Tuesday, November 10th 2020.
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Turquoise Hill Resources Ltd (NYSE:TRQ) issued its quarterly earnings results on Tuesday, July, 28th. The basic materials company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.03. The basic materials company had revenue of $277.97 million for the quarter. Turquoise Hill Resources had a net margin of 38.73% and a return on equity of 4.10%.
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5 Wall Street analysts have issued 12-month price targets for Turquoise Hill Resources' stock. Their forecasts range from $0.85 to $2.50. On average, they expect Turquoise Hill Resources' stock price to reach $1.65 in the next twelve months. This suggests a possible upside of 89.7% from the stock's current price.
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News articles about TRQ stock have been trending positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Turquoise Hill Resources earned a coverage optimism score of 2.1 on InfoTrie's scale. They also assigned media stories about the basic materials company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days.
View the latest news about Turquoise Hill Resources.

Turquoise Hill Resources saw a increase in short interest in June. As of June 30th, there was short interest totaling 17,710,000 shares, an increase of 6.3% from the June 15th total of 16,660,000 shares. Based on an average daily volume of 2,080,000 shares, the short-interest ratio is currently 8.5 days. Currently, 1.8% of the shares of the stock are short sold.
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Some companies that are related to Turquoise Hill Resources include First Quantum Minerals (FQVLF), Lundin Mining (LUNMF), Centamin (CELTF), Compania de Minas Buenaventura SAA (BVN), EXXARO RESOURCE/S (EXXAY), Cleveland-Cliffs (CLF), Pretium Resources (PVG), Hudbay Minerals (HBM), Nexa Resources (NEXA), North American Palladium (PALDF), Lithium Americas (LAC), Jaguar Mining (JAGGF), Rubicon Minerals (RBYCF), Fission Uranium (FCUUF) and Amerigo Resources (ARREF).
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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), Skyworks Solutions (SWKS), Kinross Gold (KGC), Advanced Micro Devices (AMD), Bombardier, Inc. Class B (BBD.B), Encana (ECA), First Majestic Silver (AG) and Bank of America (BAC).

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 retail and institutional investors. Top institutional shareholders include Russell Investments Group Ltd. (3.88%), Oregon Public Employees Retirement Fund (0.82%), Swiss National Bank (0.11%), UBS Group AG (0.01%) and Exane Derivatives (0.00%).

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

TRQ stock was purchased by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Russell Investments Group Ltd., Swiss National Bank, and UBS Group AG.

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 $0.87.

Turquoise Hill Resources has a market capitalization of $1.75 billion and generates $1.17 billion in revenue each year. Turquoise Hill Resources employs 2,854 workers across the globe.

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

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]