Turquoise Hill Resources Ltd. : The underlying trend is to the upside
Entry price :
22.02CAD | Target : 31CAD | Stop-loss : 17.6CAD | Potential : 40.78%
Turquoise Hill Resources Ltd.'s shares display attractive technical aspects to anticipate a comeback of the underlying trend. Investors have an opportunity to buy the stock and target the CAD 31.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria. In a short-term perspective, the company has interesting fundamentals.
Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits. Historically, the company has been releasing figures that are above expectations. Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects. Over the past year, analysts have regularly revised upwards their sales forecast for the company. For the past twelve months, EPS forecast has been revised upwards. For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner. The tendency within the weekly time frame is positive above the technical support level at 12.1 CAD
The stock is close to a major daily resistance at CAD 30.3, which should be gotten rid of so as to gain new appreciation potential. The company is in a hindered financial situation with significant debt and rather low EBITDA levels. Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.
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1 821 M
Net income 2021
Net Debt 2021
3 437 M
P/E ratio 2021
3 357 M
3 360 M
EV / Sales 2021
EV / Sales 2022
Nbr of Employees
Upcoming event on TURQUOISE HILL RESOURCES LTD.
Number of Analysts
Last Close Price
Average target price
Spread / Average Target