Will TRQ go up?
Based on our forecasts, a long-term increase is expected, the "TRQ" stock price prognosis for 2027-06-30 is 64.440 USD. With a 5-year investment, the revenue is expected to be around +144.37%. Your current $100 investment may be up to $244.37 in 2027. Get It Now!
Is TRQ a buy?
For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.75%2Buy18.15%3Hold9.70%4Sell5.35%2 more rows
Is Turquoise Hill Resources a good investment?
Turquoise Hill Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 6 buy ratings, 3 hold ratings, and no sell ratings.
What happened to Turquoise Hill Resources?
Turquoise Hill Resources is currently undervalued and is a potential hold despite the 20% revenue drop in Q1 2022. The company updated its capital expenditure estimate for Phase 2 to $7.06 billion with the management hopeful to continue the open-pit optimizations by the end of the year.
How do I buy TRQ stock?
How to buy shares in Turquoise Hill ResourcesCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. ... Research the stock. ... Purchase now or later. ... Check in on your investment.
Will Rio Tinto buy Turquoise Hill?
On March 14, 2022, Rio Tinto announced a non-binding proposal to acquire the approximately 49% of the outstanding shares of Turquoise Hill held by the Company's minority shareholders for cash consideration of C$34.00 per share (the “Proposal”).
What does Turquoise Hill Resources do?
Investors. Turquoise Hill is an international mining company focused on the operation and further development of the Oyu Tolgoi copper-gold mine in southern Mongolia.
What happened
Shares of Turquoise Hill Resources (NYSE: TRQ) fell over 45% today after the company reported production results from the second quarter of this year. While first-half 2019 copper, gold, and silver output were solid compared to the year-ago period, the production update included troubling news for the Oyu Tolgoi copper mine in Mongolia.
So what
An aboveground portion of the Oyu Tolgoi copper mine is currently in production, but the majority of the asset's vast resources remain locked deep underground.
