A Look At Insider Reactions To Turquoise Hill Resources Ltd. (TRQ)

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As of Wednesday close, Turquoise Hill Resources Ltd.’s (NYSE:TRQ) stock was up $0.02, moving up 0.06 percent to $31.67. The average number of shares traded per day over the past five days has been 618,380 shares. 4 times new highs have been achieved over the past 5 days, with a $0.71 gain in that time frame. In the last twenty days, the average volume was 1,600,955, while in the previous 50 days, it was 1,219,726.

Since last month, TRQ stock rose 15.88%. Shares of the company fell to $27.16 on 10/25/22, the lowest level in the past month. A 52-week high of $32.09 was reached on 09/08/22 after having rallying from a 52-week low of $13.60. Since the beginning of this year, TRQ’s stock price has risen by 92.52% or $15.22, and marked a new high 31 times. However, the stock has declined by -1.31% since its 52-week high.

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Valuation Metrics

Right now, Turquoise Hill Resources Ltd. (TRQ) has a P/E ratio of about 11.36. The stock’s beta is 1.39. Besides these, the trailing price-to-sales (P/S) ratio of 3.71, the price-to-book (PB) ratio of 0.70.

Financial Health

In the three months ended September 29, Turquoise Hill Resources Ltd.’s quick ratio stood at 0.20, while its current ratio was 0.40, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.37, and the total debt-to-equity ratio was 0.45. On the profitability front, the trailing twelve-month gross margin is 45.70% percent. In the year ended September 29, operating margins totaled 30.70%. Based on annual data, TRQ earned $1.35 billion in gross profit and brought in $1.97 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.80%. Return on equity (ROE) for the past 12 months was 6.00%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. TRQ’s revenue fell -1.2% during the quarter, while net income inched up to $1.17 billion. While analysts expected Turquoise Hill Resources Ltd. to report $0.14 quarterly earnings, the actual figure was $0.23 per share, beating the consensus estimate by 64.30%. During the quarter, the company generated $99.11 million in EBITDA. The liabilities of Turquoise Hill Resources Ltd. were 5.06 billion at the end of its most recent quarter ended September 29, and its total debt was $4.15 billion.

Technical Picture

This quick technical analysis looks at Turquoise Hill Resources Ltd.’s (TRQ) price momentum. With a historical volatility rate of 13.57%, the RSI 9-day stood at 66.60% on 23 November.

With respect to its five-day moving average, the current Turquoise Hill Resources Ltd. price is up by +2.29% percent or $0.71. At present, TRQ shares trade +7.72% above its 20-day simple moving average and +20.01% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.19% above its SMA50 and +62.08% above its SMA200.

Stochastic coefficient K was 83.38% and Stochastic coefficient D was 79.99%, while ATR was 0.60. Given the Stochastic reading of 95.16% for the 14-day period, the RSI (14) reading has been calculated as 62.68%. As of today, the MACD Oscillator reading stands at 0.18, while the 14-day reading stands at 0.33.

Analyst Ratings

Turquoise Hill Resources Ltd. downgraded its rating on Turquoise Hill Resources Ltd. (NYSE: TRQ) to a Hold in a note to investors on October 13, 2022. The analysts firm previously had a Buy rating on the stock.Turquoise Hill Resources Ltd. (TRQ) has been rated Hold by analysts. According to 0 brokerage firms, TRQ is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Turquoise Hill Resources Ltd. stock as buy, with 1 recommending it as overweight.

With a median target price of $32.30, the current consensus forecast for the stock is $31.19 – $34.97. Based on these forecasts, analysts predict Turquoise Hill Resources Ltd. (TRQ) will achieve an average price target of $32.69.


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