Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Turquoise Hill Resources (TRQ) Stock Price
Media coverage about Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) has been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Turquoise Hill Resources earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 45.3807235080937 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Turquoise Hill Resources (NYSE TRQ) traded down $0.04 during midday trading on Tuesday, reaching $3.08. 2,189,900 shares of the company’s stock traded hands, compared to its average volume of 3,714,059. Turquoise Hill Resources has a 1 year low of $2.44 and a 1 year high of $3.80. The company has a current ratio of 6.85, a quick ratio of 6.38 and a debt-to-equity ratio of 0.52. The company has a market cap of $6,210.00, a PE ratio of 28.36 and a beta of 0.33.
Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) last posted its quarterly earnings data on Thursday, November 2nd. The basic materials company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $246.90 million during the quarter, compared to analysts’ expectations of $246.86 million. Turquoise Hill Resources had a net margin of 24.48% and a return on equity of 2.81%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm posted ($0.02) earnings per share.
Several research analysts have commented on the stock. Royal Bank Of Canada restated a “hold” rating and issued a $4.00 target price on shares of Turquoise Hill Resources in a research report on Wednesday, August 2nd. Scotiabank restated a “buy” rating and issued a $5.50 target price on shares of Turquoise Hill Resources in a research report on Monday, November 6th. CIBC assumed coverage on shares of Turquoise Hill Resources in a research report on Friday, September 15th. They issued a “sector outperform” rating for the company. Finally, BidaskClub cut shares of Turquoise Hill Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $4.75.
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About Turquoise Hill Resources
Turquoise Hill Resources Ltd. is an international mining company. The Company focuses on the operation and further development of the Oyu Tolgoi copper-gold mine in Southern Mongolia, which is the Company’s principal material mineral resource property. The Company’s Oyu Tolgoi mine is held through approximately 65% interest in Oyu Tolgoi LLC (Oyu Tolgoi) and the remaining approximately 35% interest is held by Erdenes Oyu Tolgoi LLC (Erdenes).
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