Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) released its quarterly earnings data on Thursday. The basic materials company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02, Briefing.com reports. The company had revenue of $346.20 million during the quarter, compared to the consensus estimate of $318.72 million. Turquoise Hill Resources had a net margin of 33.28% and a return on equity of 4.41%. The firm’s revenue for the quarter was up 37.5% compared to the same quarter last year. During the same period last year, the firm earned $0.03 EPS.
Shares of NYSE:TRQ traded up $0.02 during midday trading on Friday, reaching $1.71. 895,328 shares of the company’s stock were exchanged, compared to its average volume of 6,410,820. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 8.84 and a beta of 0.89. Turquoise Hill Resources has a 12 month low of $1.43 and a 12 month high of $3.34. The company has a debt-to-equity ratio of 0.50, a quick ratio of 4.73 and a current ratio of 5.16.
A number of equities analysts have recently commented on TRQ shares. CIBC reaffirmed a “buy” rating on shares of Turquoise Hill Resources in a report on Sunday, January 20th. ValuEngine raised shares of Turquoise Hill Resources from a “sell” rating to a “hold” rating in a report on Wednesday, February 27th.
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About Turquoise Hill Resources
Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. The company explores for copper, gold, silver, and molybdenum deposits. It primarily develops and operates the Oyu Tolgoi mine located in the southern Mongolia. The company was formerly known as Ivanhoe Mines Ltd.
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