Turquoise Hill Resources (TSE:TRQ) Stock Price Crosses Above 200 Day Moving Average of $32.42

Turquoise Hill Resources Ltd. (TSE:TRQGet Rating) (NYSE:TRQ) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$32.42 and traded as high as C$33.17. Turquoise Hill Resources shares last traded at C$32.49, with a volume of 211,263 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Eight Capital lifted their target price on Turquoise Hill Resources from C$43.00 to C$48.00 and gave the company a “buy” rating in a research report on Friday, May 13th. Scotiabank dropped their target price on Turquoise Hill Resources from C$44.00 to C$42.00 in a research report on Thursday, July 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$37.67.

Turquoise Hill Resources Stock Down 1.1 %

The firm has a 50 day moving average price of C$34.47 and a 200-day moving average price of C$32.42. The company has a current ratio of 1.09, a quick ratio of 0.65 and a debt-to-equity ratio of 43.66. The firm has a market cap of C$6.54 billion and a PE ratio of 8.83.

Turquoise Hill Resources (TSE:TRQGet Rating) (NYSE:TRQ) last posted its earnings results on Tuesday, May 10th. The company reported C$1.74 earnings per share for the quarter. The business had revenue of C$510.05 million for the quarter. Research analysts forecast that Turquoise Hill Resources Ltd. will post 1 EPS for the current fiscal year.

About Turquoise Hill Resources

(Get Rating)

Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. The company primarily explores for copper, gold, and silver deposits. It engages in the operation and development of the Oyu Tolgoi copper-gold mine located in Southern Mongolia. The company was formerly known as Ivanhoe Mines Ltd.

Read More

Want More Great Investing Ideas?

Receive News & Ratings for Turquoise Hill Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Turquoise Hill Resources and related companies with MarketBeat.com's FREE daily email newsletter.