Turquoise Hill Resources (TRQ) Receiving Somewhat Favorable News Coverage, Study Shows
Media stories about Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) have trended somewhat positive recently, Alpha One Sentiment Analysis reports. Alpha One, a division of Accern, scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Turquoise Hill Resources earned a news impact score of 0.23 on Alpha One’s scale. Alpha One also gave media headlines about the basic materials company an impact score of 20 out of 100, meaning that recent news coverage is very unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Alpha One’s scoring:
- Turquoise Hill Resources’ (TRQ) Hold Rating Reaffirmed at Royal Bank of Canada (americanbankingnews.com)
- Favorable Media Coverage Somewhat Likely to Affect Turquoise Hill Resources (TRQ) Stock Price (americanbankingnews.com)
- Turquoise Hill Resources Ltd (TRQ) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Turquoise Hill Resources Ltd (TRQ) Stock Rating Reaffirmed by Credit Suisse Group AG (americanbankingnews.com)
- Bracing for Freeport’s 1Q17 Results: The Fear of a Third Consecutive Miss (finance.yahoo.com)
Shares of Turquoise Hill Resources (NYSE:TRQ) traded down 1.11% during trading on Friday, hitting $2.67. The stock had a trading volume of 4,999,234 shares. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of 26.70 and a beta of 0.74. The stock has a 50-day moving average of $3.06 and a 200 day moving average of $3.26. Turquoise Hill Resources has a 12-month low of $2.57 and a 12-month high of $3.80.
Turquoise Hill Resources (NYSE:TRQ) last issued its quarterly earnings results on Monday, March 27th. The basic materials company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. The firm earned $224.60 million during the quarter, compared to the consensus estimate of $215.65 million. Turquoise Hill Resources had a return on equity of 3.78% and a net margin of 21.61%. Turquoise Hill Resources’s revenue for the quarter was down 36.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.10 earnings per share.
A number of equities analysts recently commented on TRQ shares. Credit Suisse Group AG restated a “neutral” rating on shares of Turquoise Hill Resources in a report on Tuesday. Royal Bank of Canada restated a “hold” rating on shares of Turquoise Hill Resources in a report on Wednesday. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Turquoise Hill Resources currently has an average rating of “Hold” and a consensus target price of $4.79.
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Turquoise Hill Resources Company Profile
Turquoise Hill Resources Ltd. (Turquoise Hill) 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 located approximately 550 kilometers south of Ulaanbaatar, Mongolia’s capital city, and approximately 80 kilometers north of the Mongolia-China border.
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