Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Turquoise Hill Resources (TRQ) Share Price
News headlines about Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Turquoise Hill Resources earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned media headlines about the basic materials company an impact score of 44.9597392801471 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern’s rankings:
- Insider Investors Have A Large Stake In: Turquoise Hill Resources Ltd. (NYSE:TRQ) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Lookout for Relative Strength Index – Turquoise Hill Resources Ltd. (NYSE: TRQ) – The Investor Guide (wallstreetnews24.com)
- Turquoise Hill Resources Ltd. (TRQ)- Stocks with High Insider Stake – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Analyzing Turquoise Hill Resources (TRQ) and Rio Tinto (RIO) (americanbankingnews.com)
- Turquoise Hill Resources Ltd., (NYSE: TRQ), Alexion Pharmaceuticals, Inc., (NASDAQ: ALXN), SSR Mining Inc … – Stocks In The News (press release) (tradingnewsnow.com)
Shares of Turquoise Hill Resources (TRQ) opened at $3.00 on Friday. The stock has a market capitalization of $5,940.00, a PE ratio of 27.45 and a beta of 0.33. The company has a current ratio of 6.85, a quick ratio of 6.38 and a debt-to-equity ratio of 0.52. Turquoise Hill Resources has a 12-month low of $2.44 and a 12-month high of $3.80.
Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) last issued its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $246.90 million during the quarter, compared to the consensus estimate of $246.86 million. Turquoise Hill Resources had a return on equity of 2.81% and a net margin of 24.48%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the company posted ($0.02) EPS.
TRQ has been the subject of a number of research analyst reports. Royal Bank Of Canada set a $4.00 price target on Turquoise Hill Resources and gave the company a “hold” rating in a research report on Tuesday, October 10th. BidaskClub downgraded Turquoise Hill Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. CIBC initiated coverage on Turquoise Hill Resources in a research report on Friday, September 15th. They set a “sector outperform” rating for the company. Finally, Scotiabank reiterated a “buy” rating and set a $5.50 price target on shares of Turquoise Hill Resources in a research report on Monday, November 6th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $4.75.
About Turquoise Hill Resources
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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