Canadian stock alert

CANA

CLOSING UPDATE: Turquoise Hill Resources increased further 1.1% 24 July 2017 18:21 EDT

NEWS BITES - NORTH AMERICA

This is an end of day Alert, produced after today's Canadian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Turquoise Hill Resources, Canada's 8th largest metals & mining company by market capitalisation, traded on volume of 0.9 times average today while the price climbed 17.0c (or 4.8%) to trade at CAD3.73. Compared with the S&P/TSX 60 Index which fell 3.2 points (or 0.4%) in the day, this represented a relative price increase of 5.1%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.05 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The price increased 0.8% in the last week and jumped 8.1% in the last month.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

+ Price to Book of 0.7 [1.1]

+ Return on Assets 0.9% [0.6%]

Other Bullish Signals include:

+ Tobin's Q Ratio is 0.5. Compared with the rest of the market the stock is undervalued.

Note

Turquoise Hill Resources today is at a discount of 25.8% to the 12-month high of CAD5.03 on 24 Nov, 2016. It is at a premium of 14.8% to the 12-month low of CAD3.25 on 16 Jun, 2017.

Bearish Signals:

The stock has underperformed 72% of the Canadian market over the past 6 months.

In the last three months the stock has hit a new 52-week low five times, pointing to a downtrend.

Net profit margin has averaged 10.3% in the last 3 years. This is lower than the sector average of 17.4% and suggests a low margin of safety.

As per the Du Pont analysis, Return on Equity is less than stellar at 0.03%. Also, this has deteriorated from 3.5% last year.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

Price/Sales of 5.9 [1.9]

TODAY'S ALERT

Afternoon Alert: Turquoise Hill Resources lifts 3.7% on robust volume

24 July 2017 12:20 EDT

Turquoise Hill Resources Ltd. (TSX:TRQ) traded on heavy volume of 1.5 times average so far today while the price lifted 13.0c (or 3.7%) to trade at CAD3.69.

RECENT ALERT

Afternoon Alert: Turquoise Hill Resources drops 3.0%

20 July 2017 12:19 EDT

Turquoise Hill Resources Ltd. (TSX:TRQ) traded on volume of 0.6 times average so far today while the price dropped 11.0c (or 3.0%) to trade at CAD3.52.

Turquoise Hill Resources Ltd. (T:TRQ; TSE:TRQ; N:TRQ; CN:TRQ)

ISIN: CA9004351081

PermID: 4295861151

CIK: Turquoise Hill Resources Ltd.

Source: www.BuySellSignals.com