Turquoise Hill Resources Ltd(NYSE:TRQ) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 27, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $224.600M. Analysts estimated a revenue of $214.110M. The revenues were 4.9% above the estimates. Earnings per share were $0.05. The reported EPS was above estimates by 600%. Analysts had estimated an EPS of $-0.01.
Turquoise Hill Resources Ltd (TRQ) shares turned negative on Fridays trading session with the shares closing down -0.05 points or -1.62% at a volume of 21,68,962. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $3.12. The peak price level was also seen at $3.12 while the days lowest was $3.03. Finally the shares closed at $3.03. The 52-week high of the shares is $3.8 while the 52-week low is $2.44. According to the latest information available, the market cap of the company is $6,097 M.
Turquoise Hill Resources Ltd. (Turquoise Hill) is an international mining company focused on mining operations in Mongolia. The Company’s principal and only material mineral resource property is the Oyu Tolgoi copper-gold mine in southern Mongolia. The Oyu Tolgoi Mine is approximately 550 kilometers south of Ulaanbaatar Mongolia’s capital city and 80 kilometers north of the Mongolia-China border. The minerals on the property consist of porphyry-style copper gold silver and molybdenum contained in a linear structural trend (the Oyu Tolgoi Trend) that extends over 26 kilometers. Mineral resources include from south to north the Heruga Deposit the Southern Oyu deposits (Southwest Oyu South Oyu Wedge and Central Oyu) and the Hugo Dummett deposits (Hugo South Hugo North and Hugo North Extension).