Shares of Turquoise Hill Resources Ltd. (NYSE:TRQ) have been given a consensus rating of “Hold” by the nine analysts that are presently covering the firm. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $4.83.

Several analysts recently commented on the stock. Scotiabank reissued a “sector perform” rating and set a $5.50 target price on shares of Turquoise Hill Resources in a research note on Thursday, August 4th. Zacks Investment Research lowered shares of Turquoise Hill Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, June 22nd. RBC Capital Markets reissued a “sector perform” rating and set a $5.00 target price on shares of Turquoise Hill Resources in a research note on Tuesday, July 19th. Canaccord Genuity assumed coverage on shares of Turquoise Hill Resources in a research note on Wednesday, August 17th. They set a “hold” rating and a $4.50 target price for the company. Finally, TD Securities reissued a “buy” rating and set a $5.50 target price on shares of Turquoise Hill Resources in a research note on Thursday, August 4th.

Shares of Turquoise Hill Resources (NYSE:TRQ) traded down 0.65% during trading on Friday, hitting $3.06. 760,203 shares of the company’s stock were exchanged. The firm has a market capitalization of $6.16 billion, a PE ratio of 18.11 and a beta of 1.71. The stock’s 50 day moving average is $3.08 and its 200 day moving average is $3.02. Turquoise Hill Resources has a 1-year low of $1.55 and a 1-year high of $3.67.

Turquoise Hill Resources (NYSE:TRQ) last released its earnings results on Tuesday, August 2nd. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). Turquoise Hill Resources had a net margin of 22.14% and a return on equity of 4.77%. The business earned $329.70 million during the quarter, compared to analyst estimates of $316.13 million. During the same period in the prior year, the business earned $0.02 earnings per share. The business’s quarterly revenue was down 21.7% on a year-over-year basis. On average, equities research analysts forecast that Turquoise Hill Resources will post ($0.01) earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC raised its stake in Turquoise Hill Resources by 2.2% in the second quarter. Jane Street Group LLC now owns 35,630 shares of the company’s stock worth $120,000 after buying an additional 774 shares in the last quarter. Aperio Group LLC raised its position in Turquoise Hill Resources by 2.5% in the first quarter. Aperio Group LLC now owns 165,569 shares of the company’s stock valued at $421,000 after buying an additional 4,016 shares in the last quarter. Bank of New York Mellon Corp raised its position in Turquoise Hill Resources by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 1,155,583 shares of the company’s stock valued at $3,906,000 after buying an additional 4,138 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in Turquoise Hill Resources by 0.4% in the second quarter. UBS Asset Management Americas Inc. now owns 1,909,887 shares of the company’s stock valued at $6,427,000 after buying an additional 6,927 shares in the last quarter. Finally, World Asset Management Inc raised its position in Turquoise Hill Resources by 8.1% in the second quarter. World Asset Management Inc now owns 124,551 shares of the company’s stock valued at $421,000 after buying an additional 9,383 shares in the last quarter. Institutional investors and hedge funds own 30.14% of the company’s stock.

About Turquoise Hill Resources

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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