Turquoise Hill Resources (TRQ) Earns Daily Coverage Optimism Rating of 0.13

Headlines about Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Turquoise Hill Resources earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave press coverage about the basic materials company an impact score of 45.155972436833 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

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

A number of research firms have weighed in on TRQ. Scotiabank reissued a “buy” rating and set a $5.50 target price on shares of Turquoise Hill Resources in a report on Monday, November 6th. Royal Bank Of Canada set a $4.00 target price on shares of Turquoise Hill Resources and gave the stock a “hold” rating in a report on Tuesday, October 10th. CIBC started coverage on shares of Turquoise Hill Resources in a research report on Friday, September 15th. They issued a “sector outperform” rating on the stock. Finally, BidaskClub downgraded shares of Turquoise Hill Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $4.75.

Turquoise Hill Resources (TRQ) opened at $3.00 on Tuesday. The stock has a market cap of $6,036.94, a P/E ratio of 27.27 and a beta of 0.30. Turquoise Hill Resources has a 1 year low of $2.44 and a 1 year high of $3.80. The company has a debt-to-equity ratio of 0.52, a current ratio of 6.85 and a quick ratio of 6.38.

Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) last issued its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $0.03 earnings per share (EPS) for the quarter. Turquoise Hill Resources had a net margin of 24.48% and a return on equity of 2.81%. The firm had revenue of $246.90 million for the quarter, compared to the consensus estimate of $246.86 million. During the same quarter in the previous year, the company earned ($0.02) EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis.

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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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