Media coverage about Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) has been trending somewhat positive recently, Alpha One Sentiment reports. The research group, a division of Accern, identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Turquoise Hill Resources earned a news sentiment score of 0.23 on Alpha One’s scale. Alpha One also assigned press coverage about the basic materials company an impact score of 20 out of 100, meaning that recent news coverage is very unlikely to have an effect on the company’s share price in the near term.
These are some of the media stories that may have effected AlphaOne Sentiment Analysis’s scoring:
- Turquoise Hill Resources’ (TRQ) Hold Rating Reaffirmed at Royal Bank of Canada (americanbankingnews.com)
- Favorable Media Coverage Somewhat Likely to Affect Turquoise Hill Resources (TRQ) Stock Price (americanbankingnews.com)
- Turquoise Hill Resources Ltd (TRQ) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Turquoise Hill Resources Ltd (TRQ) Stock Rating Reaffirmed by Credit Suisse Group AG (americanbankingnews.com)
- Bracing for Freeport’s 1Q17 Results: The Fear of a Third Consecutive Miss (finance.yahoo.com)
A number of analysts have recently weighed in on TRQ shares. Credit Suisse Group AG reiterated a “neutral” rating on shares of Turquoise Hill Resources in a research report on Tuesday. Royal Bank of Canada reiterated a “hold” rating on shares of Turquoise Hill Resources in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $4.79.
Shares of Turquoise Hill Resources (NYSE:TRQ) traded down 1.11% during mid-day trading on Friday, hitting $2.67. The stock had a trading volume of 4,999,234 shares. Turquoise Hill Resources has a one year low of $2.57 and a one year high of $3.80. The firm has a 50 day moving average of $3.06 and a 200 day moving average of $3.26. The stock has a market cap of $5.37 billion, a price-to-earnings ratio of 26.70 and a beta of 0.74.
Turquoise Hill Resources (NYSE:TRQ) last posted its quarterly earnings data on Monday, March 27th. The basic materials company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.06. Turquoise Hill Resources had a net margin of 21.61% and a return on equity of 3.78%. The firm earned $224.60 million during the quarter, compared to analysts’ expectations of $215.65 million. During the same quarter in the previous year, the company posted $0.10 EPS. Turquoise Hill Resources’s revenue was down 36.8% on a year-over-year basis.
About Turquoise Hill Resources
Turquoise Hill Resources Ltd. (Turquoise Hill) 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 located approximately 550 kilometers south of Ulaanbaatar, Mongolia’s capital city, and approximately 80 kilometers north of the Mongolia-China border.
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