Turquoise Hill Resources Ltd. (NYSE:TRQ) (TSE:TRQ) issued its earnings results on Thursday. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, Briefing.com reports. The business had revenue of $246.90 million during the quarter, compared to analyst estimates of $246.86 million. Turquoise Hill Resources had a return on equity of 1.60% and a net margin of 14.20%. Turquoise Hill Resources’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.02) earnings per share.

COPYRIGHT VIOLATION NOTICE: This article was originally published by American Banking News and is the property of of American Banking News. If you are reading this article on another publication, it was illegally stolen and republished in violation of United States & international copyright and trademark law. The correct version of this article can be read at https://www.americanbankingnews.com/2017/11/02/turquoise-hill-resources-ltd-trq-announces-quarterly-earnings-results.html.

TRQ has been the subject of several research reports. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $4.00 target price on shares of Turquoise Hill Resources in a research note on Wednesday, August 2nd. BidaskClub lowered Turquoise Hill Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Finally, CIBC began coverage on Turquoise Hill Resources in a research note on Friday, September 15th. They set a “sector outperform” rating for the company. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Turquoise Hill Resources currently has a consensus rating of “Hold” and an average price target of $5.00.

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).

Earnings History for Turquoise Hill Resources (NYSE:TRQ)

Receive News & Ratings for Turquoise Hill Resources Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Turquoise Hill Resources Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.