Turquoise Hill Resources Ltd. (NYSE:TRQ) Set to Announce Earnings on Monday

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.

COPYRIGHT VIOLATION WARNING: This story was originally reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this story can be viewed at https://www.chaffeybreeze.com/2017/07/29/turquoise-hill-resources-ltd-nysetrq-set-to-announce-earnings-on-monday.html.

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).

Earnings History for Turquoise Hill Resources (NYSE:TRQ)

Receive News & Ratings for Turquoise Hill Resources Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Turquoise Hill Resources Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply