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NYSE:TRQTurquoise Hill Resources Stock Price, Forecast & News

$0.86
+0.00 (+0.01 %)
(As of 08/13/2020 04:00 PM ET)
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Today's Range
$0.86
Now: $0.86
$0.87
50-Day Range
$0.68
MA: $0.82
$0.90
52-Week Range
$0.30
Now: $0.86
$0.97
Volume1.54 million shs
Average Volume2.31 million shs
Market Capitalization$1.72 billion
P/E Ratio5.03
Dividend YieldN/A
Beta1.83
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 mine located in the 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 Vancouver, Canada. Turquoise Hill Resources Ltd. is a subsidiary of Rio Tinto plc.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 1.7Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.58 out of 5 stars


Industry, Sector and Symbol

Industry Metal mining
Sub-IndustryN/A
CUSIPN/A
Phone514-848-1567

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.17 billion
Cash Flow$0.31 per share
Book Value$3.94 per share

Profitability

Net Income$-150,460,000.00

Miscellaneous

Employees2,854
Outstanding Shares2,012,314,000
Market Cap$1.72 billion
Next Earnings Date11/10/2020 (Estimated)
OptionableOptionable
$0.86
+0.00 (+0.01 %)
(As of 08/13/2020 04:00 PM ET)
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Turquoise Hill Resources (NYSE:TRQ) Frequently Asked Questions

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

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 (WHO). Since then, TRQ stock has increased by 87.1% and is now trading at $0.8553.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of 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 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Turquoise Hill Resources
.

When is Turquoise Hill Resources' next earnings date?

Turquoise Hill Resources is scheduled to release its next quarterly earnings announcement on Tuesday, November 10th 2020.
View our earnings forecast for Turquoise Hill Resources
.

How were Turquoise Hill Resources' earnings last quarter?

Turquoise Hill Resources Ltd (NYSE:TRQ) announced its quarterly earnings results on Tuesday, July, 28th. The basic materials company reported $0.04 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.01 by $0.03. The basic materials company earned $277.97 million during the quarter. Turquoise Hill Resources had a net margin of 38.73% and a return on equity of 4.10%.
View Turquoise Hill Resources' earnings history
.

What price target have analysts set for TRQ?

5 brokerages have issued 1 year price targets for Turquoise Hill Resources' shares. Their forecasts range from $0.85 to $2.50. On average, they expect Turquoise Hill Resources' share price to reach $1.65 in the next year. This suggests a possible upside of 92.9% from the stock's current price.
View analysts' price targets for Turquoise Hill Resources
.

Has Turquoise Hill Resources been receiving favorable news coverage?

News headlines about TRQ stock have been trending very negative this week, according to InfoTrie Sentiment. The research group scores the sentiment of 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 positive five, with scores nearest to five being the most favorable. Turquoise Hill Resources earned a media sentiment score of -3.2 on InfoTrie's scale. They also assigned headlines 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 stock's share price in the immediate future.
View the latest news about Turquoise Hill Resources
.

Are investors shorting Turquoise Hill Resources?

Turquoise Hill Resources saw a increase in short interest during the month of January. As of January 31st, there was short interest totaling 14,790,000 shares, an increase of 217.4% from the January 15th total of 4,660,000 shares. Based on an average daily volume of 2,680,000 shares, the short-interest ratio is currently 5.5 days. Currently, 1.5% of the shares of the stock are sold short.
View Turquoise Hill Resources' Short Interest
.

Who are some of Turquoise Hill Resources' key competitors?

What other stocks do shareholders of Turquoise Hill Resources own?

Who are Turquoise Hill Resources' key executives?

Turquoise Hill Resources' management team includes the following people:
  • Mr. Ulf Quellmann, CEO & Director (Age 53)
  • Mr. Luke Colton, Chief Financial Officer
  • Mr. Brendan Lane, VP of Operations & Devel.
  • Ed Jack, Head of Investor Relations
  • 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 a variety of institutional and retail investors. Top institutional investors include Russell Investments Group Ltd. (3.88%), Oregon Public Employees Retirement Fund (0.82%), Swiss National Bank (0.11%), Goldman Sachs Group Inc. (0.08%), Marshall Wace LLP (0.03%) and Virtu Financial 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 Exane Derivatives, Marshall Wace LLP, and HighTower Advisors LLC.

Which institutional investors are buying Turquoise Hill Resources stock?

TRQ stock was bought by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Russell Investments Group Ltd., Swiss National Bank, Virtu Financial LLC, Goldman Sachs Group Inc., Rafferty Asset Management LLC, and UBS Group AG.

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 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 $0.86.

How big of a company is Turquoise Hill Resources?

Turquoise Hill Resources has a market capitalization of $1.72 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 8/14/2020 by MarketBeat.com Staff

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