Shares of Turquoise Hill Resources (NYSE:TRQ) have earned an average rating of “Hold” from the seven brokerages that are covering the stock, Market Beat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $7.30.
Shares of Turquoise Hill Resources (NYSE:TRQ) traded down 0.77% during mid-day trading on Monday, hitting $3.88. 3,396,055 shares of the company’s stock traded hands. Turquoise Hill Resources has a one year low of $2.65 and a one year high of $4.74. The stock’s 50-day moving average is $4. and its 200-day moving average is $3.. The company has a market cap of $7.81 billion and a P/E ratio of 51.73.
Turquoise Hill Resources (NYSE:TRQ) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.01 by $0.02. The company had revenue of $426.00 million for the quarter, compared to the consensus estimate of $113.90 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The company’s quarterly revenue was up 274.2% on a year-over-year basis. On average, analysts predict that Turquoise Hill Resources will post $0.17 earnings per share for the current fiscal year.
TRQ has been the subject of a number of recent research reports. Analysts at BMO Capital Markets initiated coverage on shares of Turquoise Hill Resources in a research note on Monday, June 22nd. They set an “outperform” rating and a $6.50 price target on the stock. Analysts at TD Securities reiterated a “hold” rating and set a $5.50 price target (up previously from $5.00) on shares of Turquoise Hill Resources in a research note on Saturday, May 23rd. Analysts at Bank of America upgraded shares of Turquoise Hill Resources from an “underperform” rating to a “neutral” rating in a research note on Thursday, May 21st. Analysts at TheStreet upgraded shares of Turquoise Hill Resources from an “e+” rating to a “hold” rating in a research note on Wednesday, May 13th. Finally, analysts at Zacks upgraded shares of Turquoise Hill Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, May 13th.
Turquoise Hill Resources Ltd. (NYSE:TRQ) is an international mining company focused on mining operations in Mongolia. The Company’s principal and only material mineral resource property is the Oyu Tolgoi copper-gold mine in southern Mongolia. The Oyu Tolgoi Mine is approximately 550 kilometers south of Ulaanbaatar, Mongolia’s capital city, and 80 kilometers north of the Mongolia-China border. The minerals on the property consist of porphyry-style copper, gold, silver and molybdenum contained in a linear structural trend (the Oyu Tolgoi Trend) that extends over 26 kilometers. Mineral resources include, from south to north, the Heruga Deposit, the Southern Oyu deposits (Southwest Oyu, South Oyu, Wedge and Central Oyu) and the Hugo Dummett deposits (Hugo South, Hugo North and Hugo North Extension).
Source: www.lulegacy.com
Shares of Turquoise Hill Resources (NYSE:TRQ) have earned an average rating of “Hold” from the seven brokerages that are covering the stock, Market Beat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $7.30.
Shares of Turquoise Hill Resources (NYSE:TRQ) traded down 0.77% during mid-day trading on Monday, hitting $3.88. 3,396,055 shares of the company’s stock traded hands. Turquoise Hill Resources has a one year low of $2.65 and a one year high of $4.74. The stock’s 50-day moving average is $4. and its 200-day moving average is $3.. The company has a market cap of $7.81 billion and a P/E ratio of 51.73.
Turquoise Hill Resources (NYSE:TRQ) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.01 by $0.02. The company had revenue of $426.00 million for the quarter, compared to the consensus estimate of $113.90 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The company’s quarterly revenue was up 274.2% on a year-over-year basis. On average, analysts predict that Turquoise Hill Resources will post $0.17 earnings per share for the current fiscal year.
TRQ has been the subject of a number of recent research reports. Analysts at BMO Capital Markets initiated coverage on shares of Turquoise Hill Resources in a research note on Monday, June 22nd. They set an “outperform” rating and a $6.50 price target on the stock. Analysts at TD Securities reiterated a “hold” rating and set a $5.50 price target (up previously from $5.00) on shares of Turquoise Hill Resources in a research note on Saturday, May 23rd. Analysts at Bank of America upgraded shares of Turquoise Hill Resources from an “underperform” rating to a “neutral” rating in a research note on Thursday, May 21st. Analysts at TheStreet upgraded shares of Turquoise Hill Resources from an “e+” rating to a “hold” rating in a research note on Wednesday, May 13th. Finally, analysts at Zacks upgraded shares of Turquoise Hill Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, May 13th.
Turquoise Hill Resources Ltd. (NYSE:TRQ) is an international mining company focused on mining operations in Mongolia. The Company’s principal and only material mineral resource property is the Oyu Tolgoi copper-gold mine in southern Mongolia. The Oyu Tolgoi Mine is approximately 550 kilometers south of Ulaanbaatar, Mongolia’s capital city, and 80 kilometers north of the Mongolia-China border. The minerals on the property consist of porphyry-style copper, gold, silver and molybdenum contained in a linear structural trend (the Oyu Tolgoi Trend) that extends over 26 kilometers. Mineral resources include, from south to north, the Heruga Deposit, the Southern Oyu deposits (Southwest Oyu, South Oyu, Wedge and Central Oyu) and the Hugo Dummett deposits (Hugo South, Hugo North and Hugo North Extension).
Source: www.lulegacy.com