Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Turquoise Hill Resources (TRQ) Share Price
Media headlines about Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public 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 sentiment score of 0.17 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 46.4331958790227 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of TRQ stock traded up $0.01 on Monday, reaching $3.07. 4,878,884 shares of the company were exchanged, compared to its average volume of 3,858,712. The stock has a market capitalization of $6,157.68, a PE ratio of 34.00 and a beta of 0.14. The company has a debt-to-equity ratio of 0.52, a current ratio of 6.29 and a quick ratio of 5.74. Turquoise Hill Resources has a one year low of $2.44 and a one year high of $3.59.
Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) last released its quarterly earnings data on Thursday, March 15th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $251.70 million for the quarter, compared to analysts’ expectations of $253.77 million. Turquoise Hill Resources had a net margin of 19.29% and a return on equity of 2.27%. The business’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.05 EPS.
Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. The company engages in mining copper, gold, silver, and molybdenum. Its principal material mineral resource property is the Oyu Tolgoi copper-gold mine located in the southern Mongolia. The company was formerly known as Ivanhoe Mines Ltd.
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