Turquoise Hill Resources Ltd. (NYSE:TRQ) traded down 1.7% during mid-day trading on Friday . The company traded as low as $3.55 and last traded at $3.57, with a volume of 962,247 shares. The stock had previously closed at $3.63.

A number of equities research analysts have issued reports on the company. Zacks Investment Research lowered 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 issued a $4.50 price target on shares of Turquoise Hill Resources in a research note on Sunday, April 24th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Turquoise Hill Resources has a consensus rating of “Hold” and an average price target of $4.33.

The firm’s 50-day moving average price is $3.25 and its 200 day moving average price is $2.65. The stock has a market capitalization of $7.18 billion and a PE ratio of 21.38.

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

Other hedge funds and institutional investors have bought and sold shares of the company. Russell Frank Co increased its position 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. Commerzbank Aktiengesellschaft FI increased its position 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, OppenheimerFunds Inc. acquired a new position in Turquoise Hill Resources during the fourth quarter worth about $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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