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S&P 500   3,933.92
DOW   33,597.92
QQQ   280.53
How To Be Persuasive With Your Body Language
Minerals for Green Revolution a Massive Investor Opportunity (Ad)
Low Beta, High Yield Campbell Soup Company Is Mmm Mmm Good
Microsoft strikes 10-year deal with Nintendo on Call of Duty
Minerals for Green Revolution a Massive Investor Opportunity (Ad)
Top 10 Searched Stocks on MarketBeat All-Access
3 Dividend Kings With Royally Good Upside
Minerals for Green Revolution a Massive Investor Opportunity (Ad)
Could trawler cams help save world's dwindling fish stocks?
Southwest Airlines brings back dividend as travel rebounds
S&P 500   3,933.92
DOW   33,597.92
QQQ   280.53
How To Be Persuasive With Your Body Language
Minerals for Green Revolution a Massive Investor Opportunity (Ad)
Low Beta, High Yield Campbell Soup Company Is Mmm Mmm Good
Microsoft strikes 10-year deal with Nintendo on Call of Duty
Minerals for Green Revolution a Massive Investor Opportunity (Ad)
Top 10 Searched Stocks on MarketBeat All-Access
3 Dividend Kings With Royally Good Upside
Minerals for Green Revolution a Massive Investor Opportunity (Ad)
Could trawler cams help save world's dwindling fish stocks?
Southwest Airlines brings back dividend as travel rebounds
S&P 500   3,933.92
DOW   33,597.92
QQQ   280.53
How To Be Persuasive With Your Body Language
Minerals for Green Revolution a Massive Investor Opportunity (Ad)
Low Beta, High Yield Campbell Soup Company Is Mmm Mmm Good
Microsoft strikes 10-year deal with Nintendo on Call of Duty
Minerals for Green Revolution a Massive Investor Opportunity (Ad)
Top 10 Searched Stocks on MarketBeat All-Access
3 Dividend Kings With Royally Good Upside
Minerals for Green Revolution a Massive Investor Opportunity (Ad)
Could trawler cams help save world's dwindling fish stocks?
Southwest Airlines brings back dividend as travel rebounds
NYSE:TRQ

Turquoise Hill Resources - TRQ Stock Forecast, Price & News

$31.14
+0.02 (+0.06%)
(As of 12/7/2022 12:00 AM ET)
Add
Compare
Today's Range
$31.08
$31.30
50-Day Range
$27.33
$31.69
52-Week Range
$14.32
$32.09
Volume
463,668 shs
Average Volume
544,989 shs
Market Capitalization
$6.27 billion
P/E Ratio
11.16
Dividend Yield
N/A
Price Target
$35.29

Turquoise Hill Resources MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
13.3% Upside
$35.29 Price Target
Short Interest
Healthy
2.02% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.69 out of 5 stars

Basic Materials Sector

100th out of 164 stocks

Metal Mining Industry

6th out of 16 stocks

TRQ stock logo

About Turquoise Hill Resources (NYSE:TRQ) Stock

Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. The company primarily explores for copper, gold, and silver deposits. It engages in the operation and development of the Oyu Tolgoi copper-gold mine located in 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 incorporated in 1994 and is headquartered in Montreal, Canada. Turquoise Hill Resources Ltd. operates as a subsidiary of Rio Tinto Group.

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TRQ Stock News Headlines

China Has Stunning Lithium Chokehold On U.S.
What's happening now is dangerous. The U.S. barely has any lithium so desperately needed for our military's equipment. China controls 80% of the world's lithium. If the communist country decides to withhold it from the U.S., our military could be brought to its knees.
China Has Stunning Lithium Chokehold On U.S.
What's happening now is dangerous. The U.S. barely has any lithium so desperately needed for our military's equipment. China controls 80% of the world's lithium. If the communist country decides to withhold it from the U.S., our military could be brought to its knees.
IIROC Trading Halt - TRQ
IIROC Trade Resumption - TRQ
Turquoise Hill Resources Ltd. (TRQ)
See More Headlines
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TRQ Company Calendar

Last Earnings
7/29/2021
Today
12/08/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
3/01/2023

Industry, Sector and Symbol

Industry
Metal mining
Sub-Industry
N/A
Employees
3,478
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$35.29
High Stock Price Forecast
$43.00
Low Stock Price Forecast
$21.00
Forecasted Upside/Downside
+13.3%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
9 Analysts

Profitability

Net Income
$524.89 million
Pretax Margin
27.78%

Debt

Sales & Book Value

Annual Sales
$1.97 billion
Cash Flow
$3.43 per share
Book Value
$45.27 per share

Miscellaneous

Free Float
N/A
Market Cap
$6.27 billion
Optionable
Optionable
Beta
1.40

Key Executives

  • Mr. Steve Thibeault BA (Acc) (Age 63)
    CMA, Interim CEO & Non-Independent Director
    Comp: $1.05M
  • Mr. Luke Colton
    Chief Financial Officer
  • Ms. Jo-Anne Dudley
    Chief Operating Officer
  • Mr. Dustin Sean Isaacs
    Chief Legal Officer & Corp. Sec.
  • Mr. Roy McDowall
    VP of Investor Relations & Communications













TRQ Stock - Frequently Asked Questions

Should I buy or sell Turquoise Hill Resources stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Turquoise Hill Resources in the last twelve months. There are currently 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" TRQ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TRQ, but not buy additional shares or sell existing shares.
View TRQ analyst ratings
or view top-rated stocks.

What is Turquoise Hill Resources' stock price forecast for 2023?

9 Wall Street analysts have issued 1-year price targets for Turquoise Hill Resources' shares. Their TRQ share price forecasts range from $21.00 to $43.00. On average, they expect the company's share price to reach $35.29 in the next year. This suggests a possible upside of 13.3% from the stock's current price.
View analysts price targets for TRQ
or view top-rated stocks among Wall Street analysts.

How have TRQ shares performed in 2022?

Turquoise Hill Resources' stock was trading at $16.45 at the start of the year. Since then, TRQ stock has increased by 89.3% and is now trading at $31.14.
View the best growth stocks for 2022 here
.

Are investors shorting Turquoise Hill Resources?

Turquoise Hill Resources saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 2,000,000 shares, a decline of 44.8% from the October 31st total of 3,620,000 shares. Based on an average daily trading volume, of 1,530,000 shares, the days-to-cover ratio is presently 1.3 days. Approximately 2.0% of the shares of the stock are short sold.
View Turquoise Hill Resources' Short Interest
.

When is Turquoise Hill Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 1st 2023.
View our TRQ earnings forecast
.

How were Turquoise Hill Resources' earnings last quarter?

Turquoise Hill Resources Ltd. (NYSE:TRQ) released its earnings results on Thursday, July, 29th. The basic materials company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.61 by $0.13. The basic materials company had revenue of $317.80 million for the quarter. Turquoise Hill Resources had a net margin of 33.00% and a trailing twelve-month return on equity of 5.89%.

When did Turquoise Hill Resources' stock split?

Shares of Turquoise Hill Resources reverse split on the morning of Monday, October 26th 2020. The 1-10 reverse split was announced on Thursday, October 1st 2020. The number of shares owned by shareholders was adjusted after the closing bell on Friday, October 23rd 2020. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

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), Kinross Gold (KGC), Skyworks Solutions (SWKS), Advanced Micro Devices (AMD), Bombardier, Inc. Class B (BBD.B), First Majestic Silver (AG) and Yamana Gold (AUY).

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 many different retail and institutional investors. Top institutional shareholders include Kopernik Global Investors LLC (1.93%), Vanguard Group Inc. (1.66%), Dimensional Fund Advisors LP (0.84%), Quinn Opportunity Partners LLC (0.63%), Pentwater Capital Management LP (0.00%) and Alliancebernstein L.P. (0.39%).

How do I buy shares of Turquoise Hill Resources?

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

What is Turquoise Hill Resources' stock price today?

One share of TRQ stock can currently be purchased for approximately $31.14.

How much money does Turquoise Hill Resources make?

Turquoise Hill Resources (NYSE:TRQ) has a market capitalization of $6.27 billion and generates $1.97 billion in revenue each year. The basic materials company earns $524.89 million in net income (profit) each year or $2.79 on an earnings per share basis.

How many employees does Turquoise Hill Resources have?

The company employs 3,478 workers across the globe.

How can I contact Turquoise Hill Resources?

Turquoise Hill Resources' mailing address is 1 PLACE VILLE-MARIE SUITE 3680, MONTREAL A8, H3B 3P2. The official website for the company is www.turquoisehill.com. The basic materials company can be reached via phone at (514) 848-1567, via email at tony.shaffer@turquoisehill.com, or via fax at 604-688-7168.

This page (NYSE:TRQ) was last updated on 12/8/2022 by MarketBeat.com Staff