Turquoise Hill Resources Ltd. (NYSE:TRQ) has made a 26.23% comeback from a 12-month low price of $2.44. It was seen -2.53% lower, changing the price to $3.08, when the closing bell rang on 8/10/2017. At recent session, the prices were hovering between $3.06 and $3.15. This company shares are 29.87% off its target price of $4 and the current market capitalization stands at $6.14B. The recent change has given its price a 10.25% lead over SMA 50 and -18.95% deficit over its 52-week high. The stock witnessed 11.59% gains, 17.11% gains and -12.75% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found TRQ’s volatility during a week at 3.14% and during a month it has been found around 3.1%.

Turquoise Hill Resources Ltd. (TRQ) Top Holders

Institutional investors currently hold around $1.79 billion or 38.5% in TRQ stock. Look at its top three institutional owners. Sailingstone Capital Partners Llc owns $677.17 million in Turquoise Hill Resources Ltd., which represents roughly 11.03% of the company’s market cap and approximately 37.79% of the institutional ownership. Similar statistics are true for the second largest owner, Pentwater Capital Management Lp, which owns 92,467,200 shares of the stock are valued at $292.2 million. The third largest holder is Anchor Bolt Capital, Lp, which currently holds $110.21 million worth of this stock and that ownership represents nearly 1.8% of its market capitalization.

Turquoise Hill Resources Ltd. 13F Filings

At the end of Mar reporting period, 76 institutional holders increased their position in Turquoise Hill Resources Ltd. (NYSE:TRQ) by some 59,084,063 shares, 65 decreased positions by 114,570,608 and 38 held positions by 393,436,256. That puts total institutional holdings at 567,090,927 shares, according to SEC filings. The stock grabbed 27 new institutional investments totaling 15,637,579 shares while 15 institutional investors sold out their entire positions totaling 74,986,637 shares.

Turquoise Hill Resources Ltd. (TRQ) Analyst Guide

Not many analysts have released their opinion on Turquoise Hill Resources Ltd. (NYSE:TRQ), with 1 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1 average brokerage recommendation.