www.unuudur.com » Turquoise Hill Resources Receives Average Rating of “Hold” from Analysts (NYSE:TRQ)

Turquoise Hill Resources Receives Average Rating of “Hold” from Analysts (NYSE:TRQ)

[Нийтэлсэн: 10:17 23.09.2016 ]

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Turquoise Hill Resources (NYSE:TRQ) has been assigned an average rating of “Hold” from the eight analysts that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $5.67.

A number of research firms have commented on TRQ. Macquarie upgraded shares of Turquoise Hill Resources from a “neutral” rating to an “outperform” rating in a research note on Monday, November 9th. Zacks Investment Research lowered shares of Turquoise Hill Resources from a “hold” rating to a “sell” rating in a research note on Monday, November 9th. TheStreet lowered shares of Turquoise Hill Resources from a “hold” rating to an “e+” rating in a research note on Friday, August 7th. Finally, Scotiabank decreased their price objective on Turquoise Hill Resources from $5.75 to $5.00 in a report on Tuesday, September 29th.

Turquoise Hill Resources (NYSE:TRQ) remained flat at $2.66 on Friday. 586,794 shares of the stock were exchanged. The firm has a market cap of $5.35 billion and a PE ratio of 19.00. The company’s 50 day moving average is $2.85 and its 200 day moving average is $3.35. Turquoise Hill Resources has a one year low of $2.41 and a one year high of $4.74.

Turquoise Hill Resources (NYSE:TRQ) last posted its earnings results on Thursday, November 5th. The company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.01. The business had revenue of $431.70 million for the quarter, compared to the consensus estimate of $522.85 million. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. Turquoise Hill Resources’s revenue was down 12.2% compared to the same quarter last year. Equities research analysts expect that Turquoise Hill Resources will post $0.10 earnings per share for the current fiscal year.

Turquoise Hill Resources Ltd. (NYSE:TRQ) is an international mining company focused on mining operations in Mongolia. The Company’s principal and only material mineral resource property is the Oyu Tolgoi copper-gold mine in southern Mongolia. The Oyu Tolgoi Mine is approximately 550 kilometers south of Ulaanbaatar, Mongolia’s capital city, and 80 kilometers north of the Mongolia-China border. The minerals on the property consist of porphyry-style copper, gold, silver and molybdenum contained in a linear structural trend (the Oyu Tolgoi Trend) that extends over 26 kilometers. Mineral resources include, from south to north, the Heruga Deposit, the Southern Oyu deposits (Southwest Oyu, South Oyu, Wedge and Central Oyu) and the Hugo Dummett deposits (Hugo South, Hugo North and Hugo North Extension).



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