Turquoise Hill Resources Ltd. (NYSE:TRQ)’s share price was down 4.2% during trading on Monday . The company traded as low as $3.33 and last traded at $3.41, with a volume of 2,076,962 shares. The stock had previously closed at $3.56.

A number of equities analysts recently commented on TRQ shares. Royal Bank Of Canada started coverage on Turquoise Hill Resources in a report on Monday, July 18th. They issued a “sector perform” rating and a $4.00 target price on the stock. CIBC reiterated a “sector perform” rating and issued a $4.50 price target on shares of Turquoise Hill Resources in a research note on Sunday, April 24th. Scotiabank reiterated a “sector perform” rating and issued a $5.00 price target on shares of Turquoise Hill Resources in a research note on Tuesday, July 19th. Zacks Investment Research upgraded Turquoise Hill Resources from a “hold” rating to a “strong-buy” rating and set a $3.50 price target for the company in a research note on Friday, April 22nd. Finally, RBC Capital Markets reiterated a “sector perform” rating and issued a $5.00 price target on shares of Turquoise Hill Resources in a research note on Tuesday, July 19th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $4.40.

The stock has a market capitalization of $6.90 billion and a PE ratio of 20.54. The firm’s 50-day moving average price is $3.43 and its 200 day moving average price is $2.76.

Turquoise Hill Resources (NYSE:TRQ) last posted its earnings results on Thursday, May 5th. The company reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.05. During the same quarter in the prior year, the business earned $0.03 EPS. The company earned $422.70 million during the quarter, compared to the consensus estimate of $388.14 million. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. Equities research analysts forecast that Turquoise Hill Resources Ltd. will post ($0.03) EPS for the current year.

An institutional investor recently bought a new position in Turquoise Hill Resources stock. OppenheimerFunds Inc. bought a new position in shares of Turquoise Hill Resources Ltd. (NYSE:TRQ) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 500,000 shares of the company’s stock, valued at approximately $1,270,000.

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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