The trading price of Turquoise Hill Resources Ltd. (NYSE:TRQ) closed higher on Tuesday, Jan 12, closing at $11.7, 4.27% higher than its previous close.

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Traders who pay close attention to intraday price movement should know that it fluctuated between $11.53 and $12.28. The company’s P/E ratio in the trailing 12-month period was 6.83, while its 5Y monthly beta was 2.08. In examining the 52-week price action we see that the stock hit a 52-week high of $14.62 and a 52-week low of $3.01. Over the past month, the stock has suffered -3.1% in value.

Turquoise Hill Resources Ltd., whose market valuation is $2.45 Billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0 per share this quarter, however they have predicted annual earnings per share of $0.07 for 2021 and $0.05 for 2022. It means analysts are expecting annual earnings per share growth of -0.3% this year and -0.29% next year.

Analysts have forecast the company to bring in revenue of $253.77 Million for the quarter, with the likely lows of $247Million and highs of $266.96 Million. The average estimate suggests sales will likely up by 13% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $941.33 Million. The company’s revenue is forecast to drop by -21.8% over what it did in 2020.

On the technical side, indicators suggest TRQ has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

To see how Turquoise Hill Resources Ltd. stock has been performing in comparison to its peers in the industry, here are the numbers: TRQ stock’s performance was +4.27% in the latest trading, and +70.2% in the past year, while Bhp Billiton Ltd (BHP) has traded +0.94% on the day and positioned +31.42% higher than it was a year ago. Another comparable company Rio Tinto Plc (RIO) saw its stock close 0.29% higher in the most recent trading session but was up +42.09% in a year. Furthermore, Bhp Billiton Plc (BBL) showed an increase of 4.27% on the day while its price kept rising at 70.2% over the past year. Turquoise Hill Resources Ltd. has a P/E ratio of 6.83, compared to Bhp Billiton Ltd’s 22.92 and Rio Tinto Plc’s 19.07. Also in last trading session, the S&P 500 Index has surged 0.04%, while the Dow Jones Industrial also saw a positive session, up +0.19% on the day.

An evaluation of the daily trading volume of Turquoise Hill Resources Ltd. (NYSE:TRQ) indicates that the 3-month average is 634.65 Million. However, this figure has declined over the past 10 days to an average of 1.52 Million.

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Currently, records show that 201.23 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 50.79% of outstanding shares, whereas institutions hold 36.39%. The stats also highlight that short interest as of December 14, 2020, stood at 979.37 Million shares, resulting in a short ratio of 1.42 at that time. From this, we can conclude that short interest is 0.49% of the company’s total outstanding shares. It is noteworthy that short shares in December were up slightly from the previous month’s figure, which was 1.45 Million. However, since the stock’s price has seen -1.77% year-to-date, investors’ interest is likely to be reignited due to its potential to move higher ahead.

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