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 earnings results on Thursday, November, 1st. The basic materials company reported $0.03 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 positive return on equity of 5.34% and a negative net margin of 12.60%. Turquoise Hill Resources's revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the firm posted $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 brokerages have issued 12-month price objectives for Turquoise Hill Resources' shares. Their forecasts range from $1.60 to $2.00. On average, they expect Turquoise Hill Resources' stock price to reach $1.87 in the next year. This suggests a possible upside of 215.8% 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.

Headlines about TRQ stock have been trending very negative on Sunday, according to InfoTrie Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Turquoise Hill Resources earned a daily sentiment score of -3.6 on InfoTrie's scale. They also gave media coverage 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 impact on the company's share price in the next few days. View News Stories for Turquoise Hill Resources.

Turquoise Hill Resources saw a decrease in short interest in January. As of January 15th, there was short interest totalling 4,710,000 shares, a decrease of 40.2% from the December 31st total of 7,880,000 shares. Based on an average daily volume of 3,750,000 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.5% of the company's 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 a variety of of retail and institutional 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]