Turquoise Hill Resources (TRQ) Set to Announce Quarterly Earnings on Thursday
Turquoise Hill Resources (TSE:TRQ) (NYSE:TRQ) is set to issue its quarterly earnings data after the market closes on Thursday, March 15th.
Turquoise Hill Resources (TSE:TRQ) opened at C$4.21 on Wednesday. Turquoise Hill Resources has a one year low of C$3.25 and a one year high of C$4.52. The company has a market capitalization of $8,550.00, a price-to-earnings ratio of 30.07 and a beta of -0.30.
TRQ has been the subject of several analyst reports. Scotiabank reissued an “outperform” rating and set a C$5.75 target price on shares of Turquoise Hill Resources in a research note on Friday, December 8th. CIBC boosted their target price on Turquoise Hill Resources from C$5.00 to C$6.00 in a research note on Monday, January 22nd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of C$5.65.
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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