Turquoise Hill Resources Ltd. (NYSE:TRQ) has made a 5.2% comeback from a 12-month low price of $0.55. It was seen 3.24% higher, changing the price to $0.58, when the closing bell rang on 7/30/2019. At a recent session, the prices were hovering between $0.557 and $0.595. This company shares are 589.66% off its target price of $4 and the current market capitalization stands at $1.19B. The recent change has given its price a -46.24% deficit over SMA 50 and -80.32% deficit over its 52-week high. The stock witnessed -53.19% declines, -61.3% declines and -64.39% 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 5.51% and during a month it has been found around 6.49%.
What Does Turquoise Hill Resources Ltd. (TRQ) Do?
The company describes itself in regulatory filings as, “Turquoise Hill Resources Ltd. engages in the exploration and development of mineral properties. Its principal mineral resource property include Oyu Tolgoi copper-gold-silver project located in southern Mongolia. The company was founded by Robert Martin Friedland on January 25, 1994 and is headquartered in Vancouver, Canada.” [Text can be found here: https://www.marketwatch.com/investing/stock/TRQ/profile under company description.]Turquoise Hill Resources Ltd. (TRQ) Top Holders
Institutional investors currently hold around $441 million or 38.5% in TRQ stock. Look at its top three institutional owners: Sailingstone Capital Partners Llc owns $134.98 million in Turquoise Hill Resources Ltd., which represents roughly 11.34% of the company’s market cap and approximately 30.61% of the institutional ownership. Similar statistics are true for the second largest owner, Pentwater Capital Management Lp, which owns 187,861,212 shares of the stock are valued at $105.58 million. The third largest holder is Kopernik Global Investors, Llc, which currently holds $27.32 million worth of this stock and that ownership represents nearly 2.3% of its market capitalization.
At the end of March reporting period, 71 institutional holders increased their position in Turquoise Hill Resources Ltd. (NYSE:TRQ) by some 164,835,977 shares, 81 decreased positions by 98,794,190 and 37 held positions by 520,517,302. That puts total institutional holdings at 784,147,469 shares, according to SEC filings. The stock grabbed 20 new institutional investments totaling 32,186,096 shares while 28 institutional investors sold out their entire positions totaling 56,087,490 shares.Turquoise Hill Resources Ltd. (TRQ) Analyst Guide
Several analysts have released their opinion on Turquoise Hill Resources Ltd. (NYSE:TRQ), with 1 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.5 average brokerage recommendation [T1].