Turquoise Hill Resources Ltd. (TRQ) Set to Announce Earnings on Monday
Turquoise Hill Resources Ltd. (NYSE:TRQ) (TSE:TRQ) will be releasing its earnings data after the market closes on Monday, July 31st.
Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) last released its quarterly earnings data on Monday, May 15th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.03. Turquoise Hill Resources had a net margin of 13.03% and a return on equity of 1.68%. The company had revenue of $237.50 million during the quarter, compared to the consensus estimate of $233.49 million. During the same quarter in the prior year, the firm posted $0.06 earnings per share. Turquoise Hill Resources’s revenue for the quarter was down 43.8% on a year-over-year basis. On average, analysts expect Turquoise Hill Resources to post $-0.01 EPS for the current fiscal year and $-0.02 EPS for the next fiscal year.
Turquoise Hill Resources Ltd. (NYSE:TRQ) traded down 1.56% during trading on Thursday, reaching $3.15. 16,755,636 shares of the company’s stock traded hands. Turquoise Hill Resources Ltd. has a 1-year low of $2.44 and a 1-year high of $3.80. The stock has a 50-day moving average price of $2.70 and a 200 day moving average price of $3.00. The stock has a market capitalization of $6.34 billion, a P/E ratio of 50.00 and a beta of 0.34.
Several equities research analysts have recently weighed in on TRQ shares. BidaskClub raised shares of Turquoise Hill Resources from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $4.00 price target on shares of Turquoise Hill Resources in a report on Thursday, May 25th. Credit Suisse Group reaffirmed a “neutral” rating on shares of Turquoise Hill Resources in a report on Tuesday, April 18th. Finally, ValuEngine lowered shares of Turquoise Hill Resources from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Turquoise Hill Resources presently has an average rating of “Hold” and a consensus price target 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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