Turquoise Hill Resources Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Turquoise Hill Resources in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Turquoise Hill Resources stock.
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Turquoise Hill Resources saw a increase in short interest in May. As of May 28th, there was short interest totaling 3,640,000 shares, an increase of 55.6% from the May 13th total of 2,340,000 shares. Based on an average daily volume of 1,070,000 shares, the short-interest ratio is presently 3.4 days. Approximately 3.7% of the shares of the stock are short sold.
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Turquoise Hill Resources is scheduled to release its next quarterly earnings announcement on Tuesday, July 27th 2021.
View our earnings forecast for Turquoise Hill Resources.

Turquoise Hill Resources Ltd. (NYSE:TRQ) posted its earnings results on Wednesday, May, 12th. The basic materials company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.47. The basic materials company earned $526.55 million during the quarter. Turquoise Hill Resources had a trailing twelve-month return on equity of 7.31% and a net margin of 41.38%.
View Turquoise Hill Resources' earnings history.

Turquoise Hill Resources' stock was trading at $4.5720 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, TRQ shares have increased by 253.9% and is now trading at $16.18.
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Turquoise Hill Resources's stock 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 market closes on Friday, October 23rd 2020. An investor that had 100 shares of Turquoise Hill Resources stock prior to the reverse split would have 10 shares after the split.

7 brokerages have issued 12 month target prices for Turquoise Hill Resources' stock. Their forecasts range from $12.50 to $30.00. On average, they expect Turquoise Hill Resources' share price to reach $22.58 in the next twelve months. This suggests a possible upside of 39.6% from the stock's current price.
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Some companies that are related to Turquoise Hill Resources include Impala Platinum (IMPUY), Cleveland-Cliffs (CLF), South32 (SOUHY), Lundin Mining (LUNMF), MP Materials (MP), Exxaro Resources (EXXAY), Compañía de Minas Buenaventura S.A.A. (BVN), Pretium Resources (PVG), Centamin (CELTF), Lithium Americas (LAC), Hudbay Minerals (HBM), New Gold (NGD), Nexa Resources (NEXA), Ferroglobe (GSM) and Dakota Territory Resource (DTRC).
View all of TRQ's competitors.

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), (SAND), Advanced Micro Devices (AMD), Bombardier, Inc. Class B (BBD.B), First Majestic Silver (AG) and Yamana Gold (AUY).

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 institutional and retail investors. Top institutional shareholders include Kopernik Global Investors LLC (4.40%), SailingStone Capital Partners LLC (2.49%), Credit Suisse AG (2.44%), Russell Investments Group Ltd. (1.84%), Key Group Holdings Cayman LTD. (1.12%) and Capital Growth Management LP (0.73%).

TRQ stock was sold by a variety of institutional investors in the last quarter, including Tudor Investment Corp Et Al, Morgan Stanley, Acadian Asset Management LLC, Credit Suisse AG, Dalton Investments LLC, Trexquant Investment LP, Paloma Partners Management Co, and Sei Investments Co..

TRQ stock was bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Key Group Holdings Cayman LTD., Capital Growth Management LP, Mirae Asset Global Investments Co. Ltd., Kopernik Global Investors LLC, SailingStone Capital Partners LLC, Bank of Montreal Can, and TD Asset Management Inc..

Shares of TRQ 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.
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One share of TRQ stock can currently be purchased for approximately $16.18.

Turquoise Hill Resources has a market capitalization of $3.26 billion and generates $1.08 billion in revenue each year.

Turquoise Hill Resources employs 3,093 workers across the globe.

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

Turquoise Hill Resources is headquartered at 1 PLACE VILLE-MARIE SUITE 3680, MONTREAL A8, H3B 3P2.

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]