Turquoise Hill Resources Ltd. (NYSE:TRQ) does about 2.96M shares in volume on a normal day but saw 15563704 shares change hands in Monday trading. The company now has a market cap of 2.00B USD and an enterprise value of about $4.57B. Its current market price is $1.08, marking an increase of 8.00% compared to the previous close of $1.00. The 52 week high reached by this stock is $1.00 whilst the lowest price level in 52 weeks is $0.30. The script in recent trading has seen the stock touch a high of $1.10 and a low of $1.03.
Turquoise Hill Resources Ltd. (TRQ) has a 20-day trading average at $0.9049 and the current price is 8.00% off the 52-week high compared with 258.68% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.8484 and its 200-day simple moving average is $0.6410. If we look at the stock’s price movements over the week, volatility stands at 6.33%, which decreases to 4.95% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 76.74 to suggest the stock is overbought.
8 analysts observing the Turquoise Hill Resources Ltd. (TRQ) stock have set the 12-month price targets for the company’s shares at between $0.77 and $1.72. The median price target is 12.9% away from the current levels at $1.24.
FactSet Research has provided data showing that 8 brokerages have issued ratings for the stock. 1 analysts have rated it as a sell, while 0 advise that it is a overweight. 5 analysts have rated it as a buy and 2 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Hold the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 06, 2020 when CIBC upgraded the stock to “Sector Outperform” and issued a price target of . CIBC downgraded the stock to “Neutral” from Sector Outperform on April 01, 2020 at a price target of .
The current price level is 21.04%, 28.46%, and 69.31% away from its SMA20, SMA50, and SMA200 respectively, with the TRQ price moving below the 50-day SMA on August 31. Turquoise Hill Resources Ltd. (TRQ) stock is up 16.13% over the week and 30.25% over the past month. Its price is 46.70% year-to-date and 145.23% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2017, with the company’s earnings per share (EPS) of $0.03 above consensus estimates by $0.03. The company’s next earnings report is expected on 10/29/2020, with forecasts estimating quarterly EPS at $0 and $0.07 for whole year. TRQ’s earnings per share are forecast to shrink by -30.00% this year and -28.60% over next year. Expected sales for next quarter are $285.5 million, which analysts say will come at $941.33 million for the current fiscal year and next year at $1.19 billion. In addition, estimates put the company’s current quarterly revenue at an average of $253.77 million.
Its 12-month price target is $1.24. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $0.77, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $1.72.
Outstanding shares total 2.01B with insiders holding 53.34% of the shares and institutional holders owning 38.77% of the company’s common stock. The company has a return on investment of -4.30% and return on equity of 3.50%. The price to earnings ratio (P/E ratio) amounts to 6.67 while the forward price to earnings ratio is 5.35. The beta has a value of 1.84. Price to book ratio is 0.23 and price to sales ratio is 2.39.
According to a U.S. Securities and Exchange Commission filing, Heptagon Fund Plc – Kopernik Glob has reduced its position in Turquoise Hill Resources Ltd. (TRQ) to 30,061,218 shares, mirroring a recent drop by 0.00%. Heptagon Fund Plc – Kopernik Glob dumped 0.0 shares of Turquoise Hill Resources Ltd. common stock bringing its total worth to about $24.92 million at the end of recent close, SEC documents show. Heptagon Fund Plc – Kopernik Glob isn’t the only investment manager who changed stakes and is followed by Victory Global Natural Resources , which sold off -5.56 million shares to end up with 28,287,840 shares worth $23.45 million. American Funds New World Fund raise their holdings by 90.06% in the company over the course of the most recent quarter. It now holds a 1.32% position in Turquoise Hill Resources Ltd. thanks to 26.55 million shares amounting to $22.01 million.