Turquoise Hill Resources Ltd (NYSE:TRQ) (TSE:TRQ) gapped down prior to trading on Thursday . The stock had previously closed at $1.70, but opened at $1.83. Turquoise Hill Resources shares last traded at $1.77, with a volume of 127499 shares.
TRQ has been the subject of a number of recent research reports. CIBC restated a “buy” rating on shares of Turquoise Hill Resources in a report on Sunday, January 20th. ValuEngine upgraded shares of Turquoise Hill Resources from a “sell” rating to a “hold” rating in a report on Wednesday.
The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 11.16 and a beta of 0.91. The company has a debt-to-equity ratio of 0.50, a quick ratio of 4.73 and a current ratio of 5.16.
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About Turquoise Hill Resources (NYSE:TRQ)
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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