Turquoise Hill Resources Ltd. (NYSE:TRQ) traded at $0.83 at last check on Friday, Jul 10, making a downturn move of -0.43% on its previous day’s price.
Looking at the stock we see that its previous close was $0.8336 and the beta (5Y monthly) reads 1.74 with the day’s price range being $0.8110 – 0.8499. In terms of its 52-week price range, TRQ has a high of $1.1 and a low of $0.3. The company’s stock has gained about 18.03% over that past 30 days.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $253.77 Million, with a low of $247Million and a high of $266.96 Million. The median projection represents growth adding up to 13% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $941.33 Million, or -21.8% down from figures reported last year.
On the other hand, looking at the outlook for the TRQ stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 8 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 3 have rated the Turquoise Hill Resources Ltd. (TRQ) stock as a Hold, while 4 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas 1 suggests the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the TRQ stock currently stands at 0, and the current price level is 12.67% off its SMA20 and 24.61% from its 50-day simple moving average. The RSI (14) is pointing at 61.53 while the volatility over the past week is 1066% and drops to 7.71% over the past one month. The beta value is 1.8, while the average true range (ATR) is currently pointing at 0.06. The average price target for the stock over the next 12 months is $1.17, with the estimates having a low of $0.48 and a high of $1.64. These price ends are -42.17% and +97.59% off the current price level respectively, although investors could be excited at the prospect of a +50.6% if the TRQ share price touches on the median price of $1.25.
Let’s briefly compare Turquoise (TRQ) stock to its peers. We find that today’s price change of -0.43% and -23.15% over the past 12 months for TRQ competes that of Bhp Billiton Ltd (BHP), which has seen its stock price rise 1.13% in the latest trading session and is -10.73% over the last one year. Another of its peers Rio Tinto Plc (RIO) has climbed 1.62% today, but is -2.05% down over the past year, while Newmont Mining Corp (NEM) is also down -0.43% yet its price remains in the red at -23.15% over the same period. Bhp has a P/E ratio of 13.7 compared to Turquoise’s 0 and Rio’s 12.08. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 1.44% and 1.05%, respectively, in early deals.
Coming back to Turquoise Hill Resources Ltd. (NYSE:TRQ), we note that the average 3-month trading volume was 2.18 Million, while that of the preceding 10-day period stands at 2.48 Million. Current shares outstanding are 2.01 Billion.
According to data from Thomson Reuters, insiders hold 53.34% of the company’s shares while institutions hold 38.77%. The data shows that short shares as of June 14, 2020, stood at 17.71 Million at a short ratio of 6.75. This represents a 0.88% Short interest in Shares outstanding on June 14, 2020. Shares short dropped in June from the previous month at 17.88 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +12.74% up in year-to-date price movement.