Turquoise Hill Resources (TRQ) Receives Coverage Optimism Rating of 0.17
Media stories about Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern 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 media sentiment score of 0.17 on Accern’s scale. Accern also assigned media headlines about the basic materials company an impact score of 46.3839795845076 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- Turquoise Hill Resources Ltd. (TRQ) has a value of $3.37 per share While PBF Logistics LP (PBFX) is stand at $21.85 – Stocks Gallery (stocksgallery.com)
- Needle Tilting Mid-Session For Turquoise Hill Resources Ltd (TRQ.TO) – FLBC News (flbcnews.com)
- Remarkable Stock Buzz: Turquoise Hill Resources Ltd. (NYSE:TRQ), Frontier Communications Corporation (NASDAQ … – Market Breaking Point (press release) (journalfinance.net)
- Turquoise Hill Resources Ltd. (TRQ) stock returned 33.73% positive in past quarter – Street Observer (press release) (streetobserver.com)
- Turquoise Hill Resources Ltd. O (NYSE:TRQ) Traded Above Its 50 Day Average – Modern Readers (modernreaders.com)
Turquoise Hill Resources (TRQ) traded down 0.30% on Friday, hitting $3.36. The company’s stock had a trading volume of 5,804,695 shares. Turquoise Hill Resources has a 12 month low of $2.44 and a 12 month high of $3.80. The firm has a 50 day moving average of $3.13 and a 200 day moving average of $2.94. The firm has a market cap of $6.76 billion, a price-to-earnings ratio of 56.00 and a beta of 0.39.
Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) last issued its earnings results on Monday, July 31st. The basic materials company reported $0.01 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.02. The business had revenue of $203.70 million for the quarter, compared to analyst estimates of $223.14 million. Turquoise Hill Resources had a net margin of 14.20% and a return on equity of 1.60%. The company’s quarterly revenue was down 38.2% compared to the same quarter last year. During the same period last year, the company posted $0.01 earnings per share. Equities research analysts forecast that Turquoise Hill Resources will post $0.02 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on TRQ shares. Royal Bank Of Canada restated a “hold” rating and set a $4.00 price target on shares of Turquoise Hill Resources in a report on Thursday, May 25th. ValuEngine downgraded Turquoise Hill Resources from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub upgraded Turquoise Hill Resources from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Turquoise Hill Resources presently has an average rating of “Hold” and a consensus price target of $5.00.
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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