Turquoise Hill Resources Ltd. (NYSE:TRQ) (TSE:TRQ) is set to announce its earnings results after the market closes on Monday, July 31st.
Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) last issued its earnings results on Monday, May 15th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. Turquoise Hill Resources had a net margin of 13.03% and a return on equity of 1.68%. The company had revenue of $237.50 million for the quarter, compared to analysts’ expectations of $233.49 million. During the same quarter last year, the company posted $0.06 earnings per share. The firm’s quarterly revenue was down 43.8% on a year-over-year basis. On average, analysts expect Turquoise Hill Resources to post $-0.01 EPS for the current fiscal year and $-0.02 EPS for the next fiscal year.
Shares of Turquoise Hill Resources Ltd. (NYSE:TRQ) opened at 3.20 on Friday. The stock has a market cap of $6.44 billion, a PE ratio of 50.79 and a beta of 0.34. The company has a 50-day moving average of $2.74 and a 200 day moving average of $3.00. Turquoise Hill Resources Ltd. has a one year low of $2.44 and a one year high of $3.80.
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A number of research analysts have issued reports on the stock. BidaskClub upgraded shares of Turquoise Hill Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Royal Bank Of Canada restated a “hold” rating and set a $4.00 price target on shares of Turquoise Hill Resources in a research note on Thursday, May 25th. ValuEngine lowered shares of Turquoise Hill Resources from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Credit Suisse Group restated a “neutral” rating on shares of Turquoise Hill Resources in a research note on Tuesday, April 18th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price 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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