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Turquoise Hill Resources (NYSE:TRQ) is set to release its Q1 earnings data on Monday, May 12th. Analysts expect Turquoise Hill Resources to post earnings of ($0.02) per share and revenue of $523.00 million for the quarter.

Turquoise Hill Resources (NYSE:TRQ) last released its earnings data on Wednesday, March 26th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.17. During the same quarter in the previous year, the company posted ($0.17) earnings per share. On average, analysts expect Turquoise Hill Resources to post $0.08 EPS for the current fiscal year and $0.07 EPS for the next fiscal year.

Shares of Turquoise Hill Resources (NYSE:TRQ) opened at 3.87 on Friday. Turquoise Hill Resources has a 52 week low of $2.933 and a 52 week high of $5.9661. The stock’s 50-day moving average is $3.61 and its 200-day moving average is $3.49. The company’s market cap is $7.787 billion. Turquoise Hill Resources also was the target of a large decline in short interest in April. As of April 15th, there was short interest totalling 32,361,643 shares, a decline of 10.8% from the March 31st total of 36,288,138 shares. Based on an average daily volume of 3,607,261 shares, the short-interest ratio is currently 9.0 days. Currently, 3.5% of the company’s stock are sold short.

Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Turquoise Hill Resources from a “neutral” rating to an “underperform” rating in a research note on Thursday, March 27th. They now have a $3.20 price target on the stock. On a related note, analysts at Cowen and Company raised their price target on shares of Turquoise Hill Resources from $8.35 to $8.69 in a research note on Friday, March 21st. Finally, analysts at UBS AG initiated coverage on shares of Turquoise Hill Resources in a research note on Friday, March 7th. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Turquoise Hill Resources currently has an average rating of “Hold” and an average price target of $7.13.

Turquoise Hill Resources Ltd., formerly Ivanhoe Mines Ltd. is an international mineral exploration and development company.

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