Turquoise Hill Resources Ltd Reaches New 12-Month Low at $3.01 (TRQ)
Turquoise Hill Resources Ltd (NYSE:TRQ) set a new 52-week low during trading hours on Friday, Analyst Ratings Network.com reports. The company traded as low as $3.01 and last traded at $3.09, with a volume of 6,831,276 shares. The stock had previously closed at $3.19.
TRQ has been the subject of a number of recent research reports. Analysts at BMO Capital Markets upgraded shares of Turquoise Hill Resources Ltd from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, December 16th. Separately, analysts at Credit Suisse downgraded shares of Turquoise Hill Resources Ltd from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, December 12th. Finally, analysts at Macquarie downgraded shares of Turquoise Hill Resources Ltd from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, November 15th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Turquoise Hill Resources Ltd presently has a consensus rating of “Hold” and an average price target of $7.30.
Turquoise Hill Resources Ltd has a 52-week low of $2.2579 and a 52-week high of $5.7011. The stock has a 50-day moving average of $2.97 and a 200-day moving average of $2.96. The company’s market cap is $3.079 billion.
Turquoise Hill Resources Ltd (NYSE:TRQ) last released its earnings data on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.03) by $0.06. During the same quarter in the prior year, the company posted $0.12 earnings per share.
Turquoise Hill Resources Ltd., formerly Ivanhoe Mines Ltd., is an international mineral exploration and development company.
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