Turquoise Hill Resources Ltd (NYSE:TRQ) was downgraded by investment analysts at Macquarie to a “neutral” rating in a note issued to investors on Friday, Analyst Ratings Net reports.
TRQ has been the subject of a number of other recent research reports. Analysts at Bank of America Corp. downgraded shares of Turquoise Hill Resources Ltd to an “underperform” rating in a research note to investors on Friday. Analysts at Zacks downgraded shares of Turquoise Hill Resources Ltd to a “neutral” rating in a research note to investors on Monday, September 23rd. They now have a $5.10 price target on the stock. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $6.53.
Turquoise Hill Resources Ltd (NYSE:TRQ) opened at 4.09 on Friday. Turquoise Hill Resources Ltd has a 52 week low of $3.81 and a 52 week high of $9.62. The stock’s 50-day moving average is $4.49 and its 200-day moving average is $5.46. The company’s market cap is $4.115 billion.
Turquoise Hill Resources Ltd (NYSE:TRQ) last released its earnings data on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.03) by $0.06. During the same quarter in the prior year, the company posted $0.12 earnings per share. On average, analysts predict that Turquoise Hill Resources Ltd will post $0.20 earnings per share for the current fiscal year.
Turquoise Hill Resources Ltd., formerly Ivanhoe Mines Ltd., is an international mineral exploration and development company.
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