Turquoise Hill Resources (TRQ) Scheduled to Post Earnings on Tuesday

Turquoise Hill Resources (TSE:TRQGet Rating) (NYSE:TRQ) will post its quarterly earnings results after the market closes on Tuesday, May 10th.

Turquoise Hill Resources (TSE:TRQGet Rating) (NYSE:TRQ) last posted its earnings results on Wednesday, March 2nd. The company reported C$0.98 earnings per share for the quarter. The business had revenue of C$635.29 million during the quarter.

Shares of TRQ stock traded up C$0.63 on Tuesday, reaching C$36.29. The company’s stock had a trading volume of 124,332 shares, compared to its average volume of 309,700. The stock’s fifty day simple moving average is C$33.91 and its 200-day simple moving average is C$24.88. Turquoise Hill Resources has a 1 year low of C$12.15 and a 1 year high of C$38.91. The company has a current ratio of 1.20, a quick ratio of 0.76 and a debt-to-equity ratio of 45.92. The company has a market capitalization of C$7.30 billion and a price-to-earnings ratio of 10.56.

Several research firms have commented on TRQ. Canaccord Genuity Group lifted their price objective on shares of Turquoise Hill Resources from C$28.00 to C$31.00 in a research note on Thursday, March 3rd. TD Securities lowered shares of Turquoise Hill Resources from a “buy” rating to a “hold” rating and lifted their price objective for the stock from C$32.00 to C$39.00 in a research note on Tuesday, March 15th. Eight Capital lifted their price objective on shares of Turquoise Hill Resources from C$40.00 to C$43.00 and gave the stock a “sell” rating in a research note on Thursday, April 21st. Royal Bank of Canada lifted their price objective on shares of Turquoise Hill Resources from C$25.00 to C$32.00 and gave the stock a “sector perform” rating in a research note on Friday, March 4th. Finally, Macquarie raised shares of Turquoise Hill Resources to a “buy” rating in a research note on Thursday, January 27th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$37.00.

Turquoise Hill Resources Company Profile (Get Rating)

Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. The company primarily explores for copper, gold, and silver deposits. It engages in the operation and development of the Oyu Tolgoi copper-gold mine located in Southern Mongolia. The company was formerly known as Ivanhoe Mines Ltd.

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Earnings History for Turquoise Hill Resources (TSE:TRQ)

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