Headlines about Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) have trended somewhat positive on Saturday, AlphaOne Sentiment Analysis reports. AlphaOne, a division of Accern, identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Turquoise Hill Resources earned a news sentiment score of 0.16 on AlphaOne’s scale. AlphaOne also gave media coverage about the basic materials company an impact score of 50 out of 100, meaning that recent press coverage is somewhat likely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have impacted AlphaOne’s scoring:
- Turquoise Hill Resources Ltd. :TRQ-US: Earnings Analysis: Q1, 2017 By the Numbers : June 16, 2017 (finance.yahoo.com)
- Stock under Consideration: Turquoise Hill Resources Ltd (TRQ) – Post Registrar (postregistrar.com)
- Quick Look at Shareholder Yield For Turquoise Hill Resources Ltd. (TSX:TRQ) – JCTY News (jctynews.com)
- Momentum Stock: Turquoise Hill Resources Ltd (TRQ) – Post Registrar (postregistrar.com)
Shares of Turquoise Hill Resources (NYSE TRQ) traded down 1.20% on Friday, reaching $2.48. 4,557,707 shares of the company’s stock were exchanged. The company has a market capitalization of $4.99 billion, a P/E ratio of 39.37 and a beta of 0.37. The stock’s 50-day moving average price is $2.64 and its 200-day moving average price is $3.12. Turquoise Hill Resources has a 1-year low of $2.44 and a 1-year high of $3.80.
Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) last issued its quarterly earnings results on Monday, May 15th. The basic materials company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The company had revenue of $237.50 million during the quarter, compared to analyst estimates of $233.49 million. Turquoise Hill Resources had a net margin of 13.03% and a return on equity of 1.68%. The business’s revenue for the quarter was down 43.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.06 EPS.
A number of research analysts have issued reports on the stock. Credit Suisse Group reaffirmed a “neutral” rating on shares of Turquoise Hill Resources in a report on Tuesday, April 18th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Turquoise Hill Resources in a report on Wednesday, April 19th. ValuEngine cut shares of Turquoise Hill Resources from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub raised shares of Turquoise Hill Resources from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $4.90.
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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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