Turquoise Hill Resources (TRQ) to Release Earnings on Tuesday
Turquoise Hill Resources (TSE:TRQ) (NYSE:TRQ) is scheduled to post its quarterly earnings results after the market closes on Tuesday, November 12th.
TSE TRQ opened at C$0.60 on Friday. The stock’s 50-day simple moving average is C$0.60 and its two-hundred day simple moving average is C$1.09. Turquoise Hill Resources has a twelve month low of C$0.53 and a twelve month high of C$2.84. The company has a quick ratio of 3.11, a current ratio of 6.20 and a debt-to-equity ratio of 54.14. The company has a market capitalization of $1.25 billion and a price-to-earnings ratio of -6.67.
A number of equities research analysts have weighed in on the company. Eight Capital downgraded Turquoise Hill Resources from a “buy” rating to a “neutral” rating and lowered their price target for the company from C$4.50 to C$3.00 in a research report on Tuesday, July 16th. CIBC lowered their price target on Turquoise Hill Resources from C$1.20 to C$1.00 in a research report on Friday, September 6th. TD Securities downgraded Turquoise Hill Resources from a “buy” rating to a “speculative buy” rating and lowered their price target for the company from C$4.00 to C$2.25 in a research report on Wednesday, July 17th. Finally, Canaccord Genuity lowered their price target on Turquoise Hill Resources from C$4.50 to C$2.25 in a research report on Tuesday, July 16th.
Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. The company explores for copper, gold, silver, and molybdenum deposits. It primarily develops and operates the Oyu Tolgoi mine located in the southern Mongolia. The company was formerly known as Ivanhoe Mines Ltd.
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