Turquoise Hill Resources Stock Rating Lowered by TheStreet (TRQ)
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Turquoise Hill Resources (NYSE:TRQ) was downgraded by equities research analysts at TheStreet from a “hold” rating to an “e+” rating in a research note issued to investors on Thursday.
Turquoise Hill Resources (NYSE:TRQ) traded up 0.33% during mid-day trading on Thursday, hitting $3.02. 1,942,247 shares of the company’s stock traded hands. Turquoise Hill Resources has a 52-week low of $2.65 and a 52-week high of $4.11. The stock’s 50-day moving average is $3. and its 200-day moving average is $3.. The company has a market cap of $6.08 billion and a P/E ratio of 104.14.
Turquoise Hill Resources (NYSE:TRQ) last announced its earnings results on Tuesday, March 24th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.07 by $0.01. The company had revenue of $634.10 million for the quarter, compared to the consensus estimate of $613.00 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 1128.9% on a year-over-year basis. On average, analysts predict that Turquoise Hill Resources will post $0.17 earnings per share for the current fiscal year.
Turquoise Hill Resources Ltd., formerly Ivanhoe Mines Ltd. is an international mineral exploration and development company. The Company’s principal mineral resource property is the Oyu Tolgoi Project, located in Mongolia. The Company also has two subsidiaries, through which it holds interests in coal resource properties in Mongolia and molybdenum, rhenium, copper, gold and uranium resource properties in Australia.
