Turquoise Hill Resources (TRQ) Announces Quarterly Earnings Results

Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) announced its earnings results on Thursday, March 15th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, Briefing.com reports. Turquoise Hill Resources had a net margin of 19.29% and a return on equity of 2.27%. The company had revenue of $251.70 million during the quarter, compared to analysts’ expectations of $253.77 million. During the same quarter in the previous year, the business posted $0.05 earnings per share. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year.

Turquoise Hill Resources stock traded down $0.08 during trading on Friday, reaching $2.94. The company had a trading volume of 1,127,469 shares, compared to its average volume of 4,267,753. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.74 and a current ratio of 6.29. Turquoise Hill Resources has a 12-month low of $2.44 and a 12-month high of $3.59. The company has a market cap of $6,077.19, a price-to-earnings ratio of 33.56 and a beta of 0.14.

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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).

Earnings History for Turquoise Hill Resources (NYSE:TRQ)

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