Somewhat Favorable News Coverage Somewhat Unlikely to Impact Turquoise Hill Resources (TRQ) Share Price
Press coverage about Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) has trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Turquoise Hill Resources earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 44.9421360283986 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Highline Capital Management Has Upped Its Boyd Gaming (BYD) Holding; Turquoise Hill Resources Ltd. (TRQ … – Hill Country Times (hillcountrytimes.com)
- Alert for Insider Investors: Turquoise Hill Resources Ltd. (NYSE:TRQ) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Contrasting Nexa Resources (NEXA) and Turquoise Hill Resources (TRQ) (americanbankingnews.com)
- Turquoise Hill Resources Ltd. (TRQ) Spectacular Insider Ownership of 49.50% – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Turquoise Hill Resources Ltd. (NYSE:TRQ) – Hot Stock of the Day – Nasdaq Journal (press release) (nasdaqjournal.com)
Several equities research analysts have recently weighed in on TRQ shares. Scotiabank reiterated a “buy” rating and issued a $5.50 price target on shares of Turquoise Hill Resources in a report on Monday, November 6th. Royal Bank Of Canada set a $4.00 price target on Turquoise Hill Resources and gave the stock a “hold” rating in a report on Tuesday, October 10th. CIBC started coverage on Turquoise Hill Resources in a report on Friday, September 15th. They issued a “sector outperform” rating on the stock. Finally, BidaskClub downgraded Turquoise Hill Resources from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Turquoise Hill Resources presently has a consensus rating of “Hold” and an average target price of $4.75.
Shares of Turquoise Hill Resources (NYSE:TRQ) traded up $0.01 during midday trading on Friday, hitting $3.01. The stock had a trading volume of 1,160,000 shares, compared to its average volume of 1,692,168. The company has a debt-to-equity ratio of 0.52, a quick ratio of 6.38 and a current ratio of 6.85. Turquoise Hill Resources has a 12-month low of $2.44 and a 12-month high of $3.80. The stock has a market capitalization of $6,057.06, a P/E ratio of 27.36 and a beta of 0.30.
Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) last issued its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $0.03 earnings per share for the quarter. Turquoise Hill Resources had a return on equity of 2.81% and a net margin of 24.48%. The firm had revenue of $246.90 million for the quarter, compared to the consensus estimate of $246.86 million. During the same period in the prior year, the business posted ($0.02) earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis.
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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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