CIBC Reiterates "Outperform" Rating for Turquoise Hill Resources Ltd (TRQ)

McEwen Mining Inc
Would You Buy Turquoise Hill Resources Ltd. (NYSE:TRQ) On These Analyst Ratings?
Author

17 September, 2017

Current price places the company's stock -10.77% away from its 200-day simple moving average, 0.49%, away from the 50-day average and also -0.43% away from 20-day average. ValuEngine downgraded Turquoise Hill Resources from a "buy" rating to a "hold" rating in a research note on Friday, June 2nd.

WARNING: "Turquoise Hill Resources (TRQ) Earns Coverage Optimism Rating of 0.12" was posted by StockNewsTimes and is owned by of StockNewsTimes.

Over the past five trading sessions shares of Turquoise Hill Resources Ltd. (NYSE:TRQ) are -5.45%; 1.3% for the month; 24.3% for the last quarter; -5.17% for the past six-months; and 6.12% for the last 12 months. The stock has a market capitalization of $7.57 billion and a price-to-earnings ratio of 62.67.

Consequently Turquoise Hill Resources Ltd (NYSE:TRQ)'s weekly and monthly volatility is 2.92%, 3.38% respectively. Turquoise Hill Resources has a 1-year low of $2.44 and a 1-year high of $3.80.

The company is now down by 0.481% percent from yesterday's close. They now have a Dollars 5.5 price target on the stock.

Equity research analysts at CIBC World Markets gave "Sector Outperform" rating on Turquoise Hill Resources (NYSE:TRQ). The firm's 50-day moving average is $3.20 and its 200-day moving average is $2.93. Average estimation for the current quarter has been provided by 2 analysts. Turquoise Hill Resources had 11 analyst reports since September 29, 2015 according to SRatingsIntel. The company's revenue for the quarter was down 38.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.01 earnings per share. Analysts expect next quarter's EPS will be $-0.03 and the next full year EPS is projected to be $-0.01. If you are accessing this article on another domain, it was stolen and republished in violation of United States & global copyright & trademark legislation.

A number of large investors have recently added to or reduced their stakes in the business. The stock stands almost $0.7 off versus the 52-week high of $3.8 and $0.66 above the 52-week low of $2.44.

10/15/2014 - Turquoise Hill Resources Ltd. had its "outperform" rating reiterated by analysts at Cowen. On Monday, November 9 the stock rating was upgraded by Macquarie Research to "Outperform". About 1.92 million shares traded. BidaskClub upgraded Turquoise Hill Resources from a "sell" rating to a "hold" rating in a research note on Saturday, June 24th. Royal Bank of Canada now owns 8,286,916 shares of the basic materials company's stock worth $21,961,000 after acquiring an additional 152,754 shares in the last quarter.

03/07/2014 - UBS began new coverage on Turquoise Hill Resources Ltd. giving the company a "buy" rating. Hedge funds and other institutional investors own 32.86% of the company's stock. Its principal material mineral resource property is the Oyu Tolgoi copper-gold mine located in the southern Mongolia. For the current quarter Turquoise Hill Resources Ltd (NYSE:TRQ) has high EPS estimates of $-0.01 in contradiction of low EPS estimates of $-0.04. 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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