Press coverage about Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) has been trending somewhat positive this week, Alpha One Sentiment Analysis reports. The research group, a unit of Accern, identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Turquoise Hill Resources earned a daily sentiment score of 0.08 on Alpha One’s scale. Alpha One also gave press coverage about the basic materials company an impact score of 50 out of 100, indicating that recent news coverage is somewhat likely to have an impact on the stock’s share price in the near future.
Here are some of the news stories that may have effected Alpha One Sentiment Analysis’s rankings:
TRQ has been the topic of a number of recent analyst reports. Royal Bank of Canada reiterated a “hold” rating on shares of Turquoise Hill Resources in a report on Wednesday, April 19th. Credit Suisse Group AG reiterated a “neutral” rating on shares of Turquoise Hill Resources in a report on Tuesday, April 18th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $5.10.
Shares of Turquoise Hill Resources (NYSE:TRQ) traded up 2.33% during trading on Friday, reaching $2.63. 2,921,029 shares of the company’s stock were exchanged. The firm has a market capitalization of $5.29 billion, a P/E ratio of 26.30 and a beta of 0.74. Turquoise Hill Resources has a 52-week low of $2.56 and a 52-week high of $3.80. The company has a 50 day moving average of $2.92 and a 200 day moving average of $3.24.
Turquoise Hill Resources (NYSE:TRQ) last issued its quarterly earnings results on Monday, March 27th. The basic materials company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. Turquoise Hill Resources had a net margin of 21.61% and a return on equity of 3.78%. The firm earned $224.60 million during the quarter, compared to the consensus estimate of $215.65 million. During the same period in the prior year, the firm earned $0.10 EPS. The business’s revenue was down 36.8% on a year-over-year basis. Equities analysts anticipate that Turquoise Hill Resources will post ($0.01) earnings per share for the current fiscal year.
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).