Turquoise Hill Resources (TSE:TRQ) Sets New 1-Year High at $22.66

Turquoise Hill Resources Ltd. (TSE:TRQ) (NYSE:TRQ)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$22.66 and last traded at C$22.51, with a volume of 87587 shares traded. The stock had previously closed at C$21.98.

TRQ has been the subject of a number of research analyst reports. TD Securities restated a “na” rating on shares of Turquoise Hill Resources in a report on Thursday, March 11th. Royal Bank of Canada restated a “sector perform” rating on shares of Turquoise Hill Resources in a report on Tuesday, March 9th. Finally, BMO Capital Markets cut Turquoise Hill Resources from an “outperform” rating to a “market perform” rating in a report on Saturday, March 6th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Turquoise Hill Resources has an average rating of “Hold” and an average target price of C$1.64.

The company has a debt-to-equity ratio of 49.86, a current ratio of 2.89 and a quick ratio of 2.27. The business’s 50-day moving average price is C$20.03 and its two-hundred day moving average price is C$13.43. The company has a market capitalization of C$4.55 billion and a price-to-earnings ratio of 10.89.

Turquoise Hill Resources (TSE:TRQ) (NYSE:TRQ) last released its quarterly earnings results on Monday, March 8th. The company reported C$1.03 earnings per share for the quarter. The business had revenue of C$528.01 million during the quarter. As a group, research analysts predict that Turquoise Hill Resources Ltd. will post 0.9049247 EPS for the current year.

Turquoise Hill Resources Company Profile (TSE:TRQ)

Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. The company explores for copper, gold, and silver deposits. It develops and operates the Oyu Tolgoi copper-gold mine located in Southern Mongolia. The company was formerly known as Ivanhoe Mines Ltd. and changed its name to Turquoise Hill Resources Ltd.

See Also: Cost of Capital Explained

Receive News & Ratings for Turquoise Hill Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Turquoise Hill Resources and related companies with MarketBeat.com's FREE daily email newsletter.