Turquoise Hill Resources Ltd. (TRQ) Shares are Down -1.92%

Turquoise Hill Resources Ltd. (TRQ) : During the past 4 weeks, traders have been relatively bearish on Turquoise Hill Resources Ltd. (TRQ), hence the stock is down -13.58% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.27% relative to the S&P 500. The 4-week change in the price of the stock is -13.76% and the stock has fallen -1.92% in the past 1 week.

Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 3.49% and the fifty day Moving Average is 8.02%. Turquoise Hill Resources Ltd. is up 9.25% in the last three month period. Year-to-Date the stock performance stands at 20.87%.

Turquoise Hill Resources Ltd. (TRQ) : The consensus price target for Turquoise Hill Resources Ltd. (TRQ) is $2.95 for the short term with a standard deviation of $1.34. The most optimist securities analyst among the 2 who monitor the stock believes that the stock can reach $4, however, the pessimist price target for the company is $2.


Turquoise Hill Resources Ltd. (NYSE:TRQ): stock turned positive on Friday. Though the stock opened at $3.05, the bulls momentum made the stock top out at $3.14 level for the day. The stock recorded a low of $3.03 and closed the trading day at $3.07, in the green by 0.33%. The total traded volume for the day was 3,489,151. The stock had closed at $3.06 in the previous days trading.

Turquoise Hill Resources Ltd. (Turquoise Hill) is an international mining company focused on mining operations in Mongolia. The Companys principal and only material mineral resource property is the Oyu Tolgoi copper-gold mine in southern Mongolia. The Oyu Tolgoi Mine is approximately 550 kilometers south of Ulaanbaatar, Mongolias capital city, and 80 kilometers north of the Mongolia-China border. The minerals on the property consist of porphyry-style copper, gold, silver and molybdenum contained in a linear structural trend (the Oyu Tolgoi Trend) that extends over 26 kilometers. Mineral resources include, from south to north, the Heruga Deposit, the Southern Oyu deposits (Southwest Oyu, South Oyu, Wedge and Central Oyu) and the Hugo Dummett deposits (Hugo South, Hugo North and Hugo North Extension).

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.