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Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ)‘s stock had its “buy” rating restated by equities research badysts at CIBC in a research note issued to investors on Tuesday, November 6th.
Separately, ValuEngine raised Turquoise Hill Resources from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th.
Shares of Turquoise Hill Resources stock traded up $0.06 during mid-day trading on Tuesday, reaching $1.81. 4,144,600 shares of the stock traded hands, compared to its average volume of 3,782,082. Turquoise Hill Resources has a fifty-two week low of $1.59 and a fifty-two week high of $3.59. The stock has a market capitalization of $3.62 billion, a P/E ratio of 9.47 and a beta of 0.77. The company has a debt-to-equity ratio of 0.50, a current ratio of 5.16 and a quick ratio of 4.73.
Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) last announced its earnings results on Thursday, November 1st. The basic materials company reported $0.03 EPS for the quarter, beating badysts’ consensus estimates of $0.02 by $0.01. Turquoise Hill Resources had a return on equity of 4.41% and a net margin of 33.28%. The business had revenue of $247.00 million during the quarter, compared to badysts’ expectations of $258.30 million. During the same quarter in the prior year, the firm earned $0.03 earnings per share. The business’s revenue was up .0% compared to the same quarter last year.
Several large investors have recently bought and sold shares of the stock. UBS Group AG increased its holdings in shares of Turquoise Hill Resources by 6.8% in the first quarter. UBS Group AG now owns 314,524 shares of the basic materials company’s stock valued at $965,000 after purchasing an additional 19,970 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Turquoise Hill Resources by 38.6% during the second quarter. Tower Research Capital LLC TRC now owns 84,942 shares of the basic materials company’s stock worth $240,000 after acquiring an additional 23,671 shares during the last quarter. Jane Street Group LLC increased its stake in Turquoise Hill Resources by 104.0% during the first quarter. Jane Street Group LLC now owns 56,564 shares of the basic materials company’s stock worth $174,000 after acquiring an additional 28,839 shares during the last quarter. Virtu Financial LLC increased its stake in Turquoise Hill Resources by 70.4% during the third quarter. Virtu Financial LLC now owns 70,366 shares of the basic materials company’s stock worth $161,000 after acquiring an additional 29,076 shares during the last quarter. Finally, CIBC World Markets Inc. increased its stake in Turquoise Hill Resources by 12.3% during the third quarter. CIBC World Markets Inc. now owns 298,620 shares of the basic materials company’s stock worth $633,000 after acquiring an additional 32,814 shares during the last quarter. 35.04% of the stock is owned by hedge funds and other institutional investors.
About Turquoise Hill Resources
Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. The company explores for copper, gold, silver, and molybdenum deposits. It primarily develops and operates the Oyu Tolgoi mine located in the southern Mongolia. The company was formerly known as Ivanhoe Mines Ltd.
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