Turquoise Hill Resources (TRQ) Trading Up -4.3%

Turquoise Hill Resources Ltd (TSE:TRQ) (NYSE:TRQ) was up 4.3% during mid-day trading on Friday . The stock traded as high as C$4.25 and last traded at C$4.03. Approximately 782,441 shares were traded during mid-day trading, an increase of 39% from the average daily volume of 561,442 shares. The stock had previously closed at C$4.21.

Separately, Scotiabank reissued an “outperform” rating and issued a C$5.50 price objective on shares of Turquoise Hill Resources in a research report on Monday, November 6th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of C$5.60.

The firm has a market cap of $8,650.00, a PE ratio of 29.93 and a beta of -0.14.

Turquoise Hill Resources (TSE:TRQ) (NYSE:TRQ) last released its quarterly earnings data on Thursday, November 2nd. The company reported C$0.04 earnings per share (EPS) for the quarter. Turquoise Hill Resources had a net margin of 19.31% and a return on equity of 2.97%.

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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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