Turquoise Hill Resources (TRQ) Given Daily Media Sentiment Score of 0.15
Media stories about Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog 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 news impact score of 0.15 on Accern’s scale. Accern also assigned media headlines about the basic materials company an impact score of 44.9104283725293 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Able to Maintaining Good Volume: Turquoise Hill Resources Ltd. (TRQ) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Beta Factor Evaluation – Turquoise Hill Resources Ltd., (NYSE: TRQ) – Stock Watch (stocksnewstimes.com)
- Highline Capital Management Has Upped Its Boyd Gaming (BYD) Holding; Turquoise Hill Resources Ltd. (TRQ … – Hill Country Times (hillcountrytimes.com)
- Alert for Insider Investors: Turquoise Hill Resources Ltd. (NYSE:TRQ) – Wallstreet Investorplace (wallstreetinvestorplace.com)
Shares of Turquoise Hill Resources (TRQ) traded up $0.07 during trading on Thursday, reaching $3.09. 6,765,798 shares of the company’s stock were exchanged, compared to its average volume of 3,571,397. The company has a market cap of $6,057.06, a price-to-earnings ratio of 27.36 and a beta of 0.30. Turquoise Hill Resources has a 1-year low of $2.44 and a 1-year high of $3.80. The company has a debt-to-equity ratio of 0.52, a quick ratio of 6.38 and a current ratio of 6.85.
Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) last announced its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $246.90 million for the quarter, compared to analyst estimates of $246.86 million. Turquoise Hill Resources had a net margin of 24.48% and a return on equity of 2.81%. The company’s revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.02) EPS.
A number of equities research analysts have issued reports on the stock. Scotiabank reissued a “buy” rating and issued a $5.50 price target on shares of Turquoise Hill Resources in a report on Monday, November 6th. CIBC assumed coverage on shares of Turquoise Hill Resources in a report on Friday, September 15th. They issued a “sector outperform” rating on the stock. BidaskClub lowered shares of Turquoise Hill Resources from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, Royal Bank of Canada set a $4.00 price target on shares of Turquoise Hill Resources and gave the stock a “hold” rating in a report on Tuesday, October 10th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Turquoise Hill Resources currently has a consensus rating of “Hold” and an average target price of $4.75.
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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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