Turquoise Hill Resources (TRQ) Earning Somewhat Favorable News Coverage, Study Shows

Media coverage about Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) has been trending somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded 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 0.16 on Accern’s scale. Accern also assigned headlines about the basic materials company an impact score of 45.9153101081781 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the headlines that may have effected Accern’s rankings:

A number of brokerages have commented on TRQ. Royal Bank Of Canada set a $4.00 target price on Turquoise Hill Resources and gave the company a “hold” rating in a research note on Tuesday. CIBC began coverage on Turquoise Hill Resources in a research note on Friday, September 15th. They issued a “sector outperform” rating for the company. Finally, BidaskClub downgraded Turquoise Hill Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $5.00.

Shares of Turquoise Hill Resources (NYSE:TRQ) opened at 3.34 on Friday. The stock’s 50 day moving average price is $3.21 and its 200-day moving average price is $2.93. The company has a market cap of $6.72 billion, a PE ratio of 55.67 and a beta of 0.36. Turquoise Hill Resources has a 12-month low of $2.44 and a 12-month high of $3.80.

Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) last issued its quarterly earnings data on Monday, July 31st. The basic materials company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. Turquoise Hill Resources had a net margin of 14.20% and a return on equity of 1.60%. The firm had revenue of $203.70 million for the quarter, compared to analysts’ expectations of $223.14 million. During the same period in the prior year, the firm earned $0.01 earnings per share. The company’s quarterly revenue was down 38.2% compared to the same quarter last year. On average, equities research analysts forecast that Turquoise Hill Resources will post $0.07 earnings per share for the current year.

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About Turquoise Hill Resources

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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