Turquoise Hill Resources (TRQ) Given Daily News Sentiment Score of 0.16

News stories about Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) have trended somewhat positive on Friday, according to Accern Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Turquoise Hill Resources earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 45.079528579882 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:

TRQ has been the topic of several research analyst reports. Scotiabank reissued a “buy” rating and issued a $5.50 price objective on shares of Turquoise Hill Resources in a research report on Monday, November 6th. CIBC initiated coverage on shares of Turquoise Hill Resources in a research report on Friday, September 15th. They issued a “sector outperform” rating on the stock. Finally, Royal Bank of Canada set a $4.00 price objective on shares of Turquoise Hill Resources and gave the company a “hold” rating in a research report on Tuesday, October 10th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $4.75.

Turquoise Hill Resources (NYSE TRQ) traded up $0.03 during mid-day trading on Friday, hitting $3.33. 1,291,965 shares of the company traded hands, compared to its average volume of 3,572,729. The company has a debt-to-equity ratio of 0.52, a current ratio of 6.85 and a quick ratio of 6.38. Turquoise Hill Resources has a fifty-two week low of $2.44 and a fifty-two week high of $3.80. The firm has a market capitalization of $6,580.27, a P/E ratio of 30.28 and a beta of 0.30.

Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) last released its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $0.03 EPS for the quarter. Turquoise Hill Resources had a net margin of 24.48% and a return on equity of 2.81%. The business had revenue of $246.90 million for the quarter, compared to the consensus estimate of $246.86 million. During the same period in the prior year, the company posted ($0.02) earnings per share. Turquoise Hill Resources’s revenue was up 9.1% compared to the same quarter last year.

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About Turquoise Hill Resources

Turquoise Hill Resources Ltd. is an international mining company. The Company focuses on the operation and further development of the Oyu Tolgoi copper-gold mine in Southern Mongolia, which is the Company’s principal material mineral resource property. The Company’s Oyu Tolgoi mine is held through approximately 65% interest in Oyu Tolgoi LLC (Oyu Tolgoi) and the remaining approximately 35% interest is held by Erdenes Oyu Tolgoi LLC (Erdenes).

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