Turquoise Hill Resources Ltd (NYSE:TRQ) (TSE:TRQ) shares saw unusually-high trading volume on Friday . Approximately 212,749 shares were traded during trading, a decline of 96% from the previous session’s volume of 5,727,593 shares.The stock last traded at $0.59 and had previously closed at $0.57.
TRQ has been the subject of several analyst reports. Macquarie raised shares of Turquoise Hill Resources from a “neutral” rating to an “outperform” rating in a research note on Friday, October 11th. ValuEngine upgraded shares of Turquoise Hill Resources from a “strong sell” rating to a “sell” rating in a report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Turquoise Hill Resources has a consensus rating of “Hold” and a consensus price target of $2.52.
The business has a fifty day moving average of $0.46 and a 200 day moving average of $0.69. The firm has a market cap of $915.60 million, a P/E ratio of 1.98 and a beta of 1.15. The company has a quick ratio of 4.91, a current ratio of 5.24 and a debt-to-equity ratio of 0.54.
Turquoise Hill Resources Company Profile (NYSE:TRQ)
Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. The company explores for copper, gold, and silver deposits. It primarily develops and operates the Oyu Tolgoi mine located in the southern Mongolia. The company was formerly known as Ivanhoe Mines Ltd. and changed its name to Turquoise Hill Resources Ltd.
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