Turquoise Hill Resources Ltd. (NYSE:TRQ) (TSE:TRQ) posted its quarterly earnings results on Thursday. The basic materials company reported $0.03 earnings per share for the quarter, Briefing.com reports. Turquoise Hill Resources had a net margin of 14.20% and a return on equity of 1.60%. The business had revenue of $246.90 million during the quarter, compared to analysts’ expectations of $246.86 million. During the same quarter in the prior year, the company posted ($0.02) EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis.

Turquoise Hill Resources (NYSE TRQ) traded up $0.03 during trading hours on Friday, hitting $3.12. 1,043,635 shares of the company were exchanged, compared to its average volume of 2,159,608. The stock has a market cap of $6,137.56, a PE ratio of 50.83 and a beta of 0.33. The company has a debt-to-equity ratio of 0.52, a quick ratio of 7.55 and a current ratio of 8.17.

Several research firms have recently weighed in on TRQ. BidaskClub cut shares of Turquoise Hill Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $4.00 price objective on shares of Turquoise Hill Resources in a research report on Wednesday, August 2nd. Finally, CIBC initiated coverage on shares of Turquoise Hill Resources in a research report on Friday, September 15th. They set a “sector outperform” rating for the company. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $5.00.

COPYRIGHT VIOLATION WARNING: “Turquoise Hill Resources Ltd. (TRQ) Posts Quarterly Earnings Results” was first published by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US and international copyright and trademark laws. The original version of this piece of content can be read at https://www.watchlistnews.com/turquoise-hill-resources-ltd-trq-posts-quarterly-earnings-results/1676816.html.

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).

Earnings History for Turquoise Hill Resources (NYSE:TRQ)

Receive News & Ratings for Turquoise Hill Resources Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Turquoise Hill Resources Ltd. and related companies with Analyst Ratings Network's FREE daily email newsletter.