Turquoise Hill Resources Ltd. Insider Ownership stands at 49.5
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Turquoise Hill Resources Ltd. (NYSE:TRQ) reported its last quarter results on 11/03/2016. This Company belongs to Basic Materials sector.
In the last trading session, The Company traded 5.66 Million shares. The Stock Market opened sessions at 3.36 and closed at 3.43. There was a stock increase by 2.69 percent.
According to Yahoo Finance, the price target for the company which analysts are aiming is 3.75. The 1-year price target of the company is 3.75.
Investors expected a price target of 0 for this quarter. Zacks Investment Research gave Turquoise Hill Resources Ltd. (NYSE:TRQ) a rating of 3 on a scale of 1 to 5. Here, 1 indicates a Strong Buy and 5 indicates a Strong Sell.
Considering the performance, Turquoise Hill Resources Ltd. (NYSE:TRQ)’s shares have the potential to reach a high EPS of 0 per share, and a low EPS of -0.03 per share in the current quarter. All of these Earnings estimates are a consensus recommendation of 5 Analysts. According to them, the median (average) EPS the company could deliver is -0.01/share. While the actual EPS the company reported in the same quarter previous year was 0/share.
Analysts estimated $-0.03/share for the previous Quarter, where Turquoise Hill Resources Ltd. (NYSE:TRQ) reported Actual EPS of $-0.02/share with the difference of 0.01 percent and a surprise of 33.3 percent.
The 7 analysts offering 12-month price forecasts for Turquoise Hill Resources Ltd have a median target of 4.48, with a high estimate of 4.86 and a low estimate of 3.29. The median estimate represents a +30.56% increase from the last price of 3.43.
For the current quarter, the highest estimate analysts provided is 212.05 Million and the lowest is 178.14 Million. These 4 Analysts are also projecting the mean revenue estimate of 201.87 Million. The year ago sales the company reported in the same quarter is 355.6 Million.
While Looking at Sales Growth (Year/est), the company is currently showing a percentage value of -28.6 percent.
Turquoise Hill Resources Ltd. (NYSE:TRQ) topped its 52-week high price target of 3.67 on Jul 15, 2016. The company reached a 52-week low at 1.55 on Jan 20, 2016.
The company’s stock currently has 6.72 Billion in market capitalization. The volatility rate is 4.20% percent and 3.21% percent each. Price per earning (ttm) stands at 23.18.
This year, the company showed a disappointed -28.6 percent of growth. The next year’s growth is calculated to be -180 percent. The company projects a long term annual growth estimate of -101 percent.
Turquoise Hill Resources Ltd. is a mining company focused on copper, gold and coal mines in the Asia Pacific region. The company holds interest in OyuTolgoi, a copper-gold project located in the south Gobi region of Mongolia. It also holds interests in companies that mine coal in Mongolia, molybdenum and rhenium in Australia, and gold at the Kyzyl Gold Project in Kazakhstan. Turquoise Hill Resources Ltd., formerly known as Ivanhoe Mines Ltd., is based in Vancouver, Canada.
By Pauline Jenkins
