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NYSE:TRQTurquoise Hill Resources Stock Price, Forecast & News

$0.87
+0.03 (+3.04 %)
(As of 08/6/2020 04:00 PM ET)
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Today's Range
$0.84
Now: $0.87
$0.87
50-Day Range
$0.68
MA: $0.79
$0.90
52-Week Range
$0.30
Now: $0.87
$0.97
Volume11.61 million shs
Average Volume2.80 million shs
Market Capitalization$1.75 billion
P/E Ratio5.12
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$0.33 per share
Book Value$3.99 per share

Profitability

Net Income$-150,460,000.00

Miscellaneous

Employees2,854
Outstanding Shares2,012,310,000
Market Cap$1.75 billion
Next Earnings Date11/10/2020 (Estimated)
OptionableOptionable
$0.87
+0.03 (+3.04 %)
(As of 08/6/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Turquoise Hill Resources (NYSE:TRQ) Frequently Asked Questions

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

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.
View which stocks have been most impacted by Coronavirus
.

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) 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%.
View Turquoise Hill Resources' earnings history
.

What price target have analysts set for TRQ?

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.
View analysts' price targets for Turquoise Hill Resources
.

Has Turquoise Hill Resources been receiving favorable news coverage?

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
.

Are investors shorting 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.
View Turquoise Hill Resources' Current Options Chain
.

Who are some of Turquoise Hill Resources' key competitors?

What other stocks do shareholders of Turquoise Hill Resources own?

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).

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 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%).

Which major investors are selling Turquoise Hill Resources stock?

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

Which major investors are buying Turquoise Hill Resources stock?

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.

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 $0.87.

How big of a company is Turquoise Hill Resources?

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.

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 8/7/2020 by MarketBeat.com Staff

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