Shares of Turquoise Hill Resources Ltd. (NYSE:TRQ) rose 1.4% on Wednesday . The stock traded as high as $3.60 and last traded at $3.58, with a volume of 1,208,076 shares trading hands. The stock had previously closed at $3.53.

TRQ has been the topic of several research analyst reports. Zacks Investment Research downgraded Turquoise Hill Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, June 22nd. TheStreet upgraded Turquoise Hill Resources from an “e+” rating to a “hold” rating in a research note on Thursday, May 5th. Finally, CIBC reiterated a “sector perform” rating and set a $4.50 price target on shares of Turquoise Hill Resources in a research note on Sunday, April 24th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $4.33.

The stock’s 50-day moving average is $3.23 and its 200 day moving average is $2.65. The company has a market capitalization of $7.28 billion and a price-to-earnings ratio of 21.68.

Turquoise Hill Resources (NYSE:TRQ) last announced its quarterly earnings data on Thursday, May 5th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.05. The company earned $422.70 million during the quarter, compared to analyst estimates of $388.14 million. During the same quarter in the previous year, the business posted $0.03 earnings per share. The firm’s revenue was down .8% on a year-over-year basis. Equities analysts expect that Turquoise Hill Resources Ltd. will post ($0.04) earnings per share for the current year.

A number of hedge funds have bought and sold shares of TRQ. OppenheimerFunds Inc. acquired a new stake in Turquoise Hill Resources during the fourth quarter worth $1,270,000. Commerzbank Aktiengesellschaft FI boosted its stake in Turquoise Hill Resources by 2,318.0% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 639,958 shares of the company’s stock worth $1,625,000 after buying an additional 613,492 shares in the last quarter. Finally, Russell Frank Co boosted its stake in Turquoise Hill Resources by 0.5% in the fourth quarter. Russell Frank Co now owns 2,934,815 shares of the company’s stock worth $7,426,000 after buying an additional 13,868 shares in the last quarter.

Turquoise Hill Resources Ltd. (Turquoise Hill) is an international mining company. The Company focuses on the operation and further development of the Oyu Tolgoi copper-gold mine in Southern Mongolia, which is the Company’s principal material mineral resource property. The Company’s Oyu Tolgoi mine is located approximately 550 kilometers south of Ulaanbaatar, Mongolia’s capital city, and approximately 80 kilometers north of the Mongolia-China border.

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