Turquoise Hill Resources Ltd (NYSE:TRQ) shares traded 0.32% up during most recent session to reach at the closing price of $3.14. The stock exchanged hands 5.53 Million shares versus average trading capacity of 4.62 Million shares, yielding a market cap of $6.35 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $4 within the next 52-weeks. The mean target projections are based on 1 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Turquoise Hill Resources Ltd (NYSE:TRQ) high price target of $4 and with a conservative view have low price target of $4.
Canaccord Genuity “Upgrades” Turquoise Hill Resources Ltd (NYSE:TRQ) in a research note issued to investors on 11/14/16 to Buy with price target of $0.
Additionally on 8/17/16 Canaccord Genuity “Initiates Coverage on” Turquoise Hill Resources Ltd (NYSE:TRQ) to Hold and on 7/18/16 RBC Capital “Initiates Coverage on” the stock to Sector Perform. Furthermore on 11/09/15 Macquarie “Upgrades” the stock to Outperform.
On the other hand the company has Relative Strength Index (RSI 14) of 59.09 along with Average True Range (ATR 14) of 0.09, Consequently Turquoise Hill Resources Ltd (NYSE:TRQ)’s weekly and monthly volatility is 2.86%, 2.89% respectively. The company’s beta value is at 0.51.
In terms of Buy, Sell or Hold recommendations, Turquoise Hill Resources Ltd (NYSE:TRQ) has analysts’ mean recommendation of 3. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Turquoise Hill Resources Ltd (NYSE:TRQ)’s minimum EPS for the current quarter is at $-0.04 and can go high up to $-0.02. The consensus mean EPS for the current quarter is at $-0.03 derived from a total of 2 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.02 earnings per share for the same quarter during last year.
Previously Turquoise Hill Resources Ltd (NYSE:TRQ) reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.02 by $0.03. The company posted an earnings surprise of 150%.
While considering growth estimates of the company, it has next quarter growth estimates of -160% whereas during current quarter it has -50% estimations over growth, comparing to the estimations of -90% during current year and -200% for next year. Past 5 years growth of Turquoise Hill Resources Ltd (NYSE:TRQ) observed at -33.46%, looking forward for the next 5 years it has a strong prediction of 2% over growth.
Turquoise Hill Resources Ltd (NYSE:TRQ)’s revenue estimates for the current quarter are $220.95 Million according to 2 number of analysts, for the current quarter the company has high revenue estimates of $226.91 Million in contradiction of low revenue estimates of $215 Million. For the current year the company’s revenue estimates are $882.25 Million compared to low analyst estimates of $875.83 Million and high estimates of $893.92 Million according to 3 number of analysts.
Currently Turquoise Hill Resources Ltd (NYSE:TRQ)’s shares owned by insiders are 49.5%, whereas shares owned by institutional owners are 38.5%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -0.02%.
Turquoise Hill Resources Ltd (NYSE:TRQ) 52-week high price stands at $3.80 and low price stands at $2.44, its price distance from 52-week high is -17.37% while its distance from 52-week low price is 28.69%. The stock hit its 52-week high on 02/02/17, and 52-week low on 06/05/17.
Turquoise Hill Resources Ltd (NYSE:TRQ)’s trailing twelve month revenues are $892 Million, whereas its price to sales ratio for the same period is 7.12. Its book value per share for the most recent quarter is $4.37 while its price to book ratio for the same period is 0.72, as for as the company’s cash per share for the most recent quarter is $0.68, however its price to cash per share ratio for the same period is 4.61. The stock has 5 year expected PEG ratio of 24.92 whereas its trailing twelve month P/E ratio is 49.84.