Published On: Thu, Mar 17th, 2016

Turquoise Hill Resources Ltd. (NASDAQ:TRQ) To Release Earnings

Analysts await Turquoise Hill Resources Ltd. (NASDAQ:TRQ) to report earnings on Mar, 17 for the fiscal quarter ending Dec 2015.

They expect $0.05 EPS, down 20% or $0.01 from last year’s $0.06 per share.

At the moment 5 analysts are watching Turquoise Hill Resources Ltd. (NASDAQ:TRQ), 0 rate it “Buy”, 3 “Outperform”, 2 “Underperform”, 0 “Sell”, while 0 “Hold”.

Looking forward, for the quarter ending Mar-16, 3 analysts have a mean sales target of 265.11 million. For the quarter ending Jun-16, 3 analysts have a mean sales target of 279.58 million whilst for the year ending Dec-16, 4 analysts have a mean target of 1,023.22 million.

In terms of earnings per share, 5 analysts have a -0.00 EPS mean target for the quarter ending Mar-16, for the quarter ending Jun-16, 5 analysts have a -0.01 EPS mean target and for the quarter ending Jun-16 there are 5 estimates of -0.06 EPS.

The biggest institutional shareholders in Turquoise Hill Resources Ltd. include SailingStone Capital Partners LLC which owns 213 million shares in the company valued at $540.85 million. Pentwater Capital Management LP is the second biggest holder with 116 million shares currently valued at 295.62 million whilst Temasek Holdings Ltd. has 73 million shares valued at 185.96 million.

Total shares held by institutions as of the most recent company filings are 544,240,668 with a reported 20,073,626 bought and 15,788,478 sold. These holdings make up 27.19% of the company’s outstanding shares.

The stock increased 4.01% or $0.11 during the last trading session, hitting $4.95. Turquoise Hill Resources Ltd. (NASDAQ:TRQ) has risen 39.19% over the past 6 months and is uptrending.

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