Turquoise Hill Resources Ltd. (TRQ) Shares are Down -11.8%

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 -12.46% 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 -12.17% relative to the S&P 500. The 4-week change in the price of the stock is -10.29% and the stock has fallen -11.8% in the past 1 week.

Turquoise Hill Resources Ltd. (NYSE:TRQ): The stock opened at $3.15 on Friday but the bulls could not build on the opening and the stock topped out at $3.15 for the day. The stock traded down to $3.07 during the day, due to lack of any buying support eventually closed down at $3.14 with a loss of -0.95% for the day. The stock had closed at $3.17 on the previous day. The total traded volume was 888,287 shares.

The stock has recorded a 20-day Moving Average of 10.04% and the 50-Day Moving Average is 4.69%. Turquoise Hill Resources Ltd. is up 8.65% in the last 3-month period. Year-to-Date the stock performance stands at 23.62%.

Turquoise Hill Resources Ltd. (TRQ) : 2 investment research analysts covering Turquoise Hill Resources Ltd. (TRQ) have an average price target of $2.95 for the near short term. The highest target price given by the Brokerage Firm to the stock is $4 and the lowest target is $2 for the short term. Analysts expect the variance to be within $1.34 of the average price.


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).

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