Somewhat Favorable News Coverage Somewhat Unlikely to Impact Turquoise Hill Resources (TRQ) Share Price
News coverage about Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) has been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Turquoise Hill Resources earned a daily sentiment score of 0.24 on Accern’s scale. Accern also gave media coverage about the basic materials company an impact score of 46.7092245016211 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Turquoise Hill Resources (NYSE TRQ) traded down 1.59% during midday trading on Thursday, hitting $3.10. The stock had a trading volume of 2,248,572 shares. The firm has a 50-day moving average price of $2.97 and a 200-day moving average price of $2.97. Turquoise Hill Resources has a 1-year low of $2.44 and a 1-year high of $3.80. The firm has a market cap of $6.24 billion, a price-to-earnings ratio of 51.67 and a beta of 0.39.
Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) last posted its earnings results on Monday, July 31st. The basic materials company reported $0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. Turquoise Hill Resources had a return on equity of 1.60% and a net margin of 14.20%. The company had revenue of $203.70 million for the quarter, compared to analyst estimates of $223.14 million. During the same period last year, the company earned $0.01 earnings per share. The business’s revenue was down 38.2% compared to the same quarter last year. On average, equities analysts anticipate that Turquoise Hill Resources will post $0.01 EPS for the current fiscal year.
TRQ has been the subject of several research analyst reports. BidaskClub upgraded Turquoise Hill Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $4.00 target price on shares of Turquoise Hill Resources in a research report on Wednesday, August 2nd. Finally, ValuEngine downgraded Turquoise Hill Resources from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Turquoise Hill Resources currently has a consensus rating of “Hold” and an average price target of $4.90.
Turquoise Hill Resources Company Profile
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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