U.S. Markets closed

Turquoise Hill Resources (TRQ) Falls: Stock Goes Down 5.3%

Zacks Equity Research

Turquoise Hill Resources Ltd. (TRQ) saw a big move last session, as the company’s shares fell more than 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for TRQ, as the stock is now down around 15.5% in the past one-month time frame.  

The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks. The consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.   

TRQ currently has a Zacks Rank #3 (Hold) while its Earnings ESP is zero.

Some better-ranked stocks in the Basic Materials sector include BHP Billiton plc (BBL), Dominion Diamond Corporation (DDC) and Stillwater Mining Co. (SWC). All these stocks carry a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>


BHP BILLITON PLC (BBL): Free Stock Analysis Report

DOMINION DIAMOND CORP (DDC): Free Stock Analysis Report

STILLWATER MINING CO (SWC): Free Stock Analysis Report

Zacks Investment Research