November 18, 2016 - By Pete Kolinski · 0 Comments
The stock of Turquoise Hill Resources Limited (NYSE:TRQ) registered an increase of 2.47% in short interest. TRQ’s total short interest was 27.45 million shares in November as published by FINRA. Its up 2.47% from 26.79 million shares, reported previously. With 2.87 million shares average volume, it will take short sellers 10 days to cover their TRQ’s short positions. The short interest to Turquoise Hill Resources Limited’s float is 2.77%. The stock decreased 0.90% or $0.03 on November 17, hitting $3.32. Turquoise Hill Resources Ltd (NYSE:TRQ) has risen 18.15% since April 18, 2016 and is uptrending. It has outperformed by 13.72% the S&P500.
Turquoise Hill Resources Ltd. is an international mining company. The company has a market cap of $6.48 billion. The Firm 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. It has a 22.5 P/E ratio. 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.
Out of 4 analysts covering Turquoise Hill Resources (NYSE:TRQ), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Turquoise Hill Resources has been the topic of 5 analyst reports since September 29, 2015 according to StockzIntelligence Inc. RBC Capital Markets initiated the stock with “Sector Perform” rating in Monday, July 18 report. TD Securities upgraded Turquoise Hill Resources Ltd (NYSE:TRQ) on Friday, December 11 to “Buy” rating. The firm earned “Hold” rating on Wednesday, August 17 by Canaccord Genuity. The firm earned “Outperform” rating on Monday, November 9 by Macquarie Research.
Another recent and important Turquoise Hill Resources Ltd (NYSE:TRQ) news was published by Streetinsider.com which published an article titled: “Turquoise Hill Resources Ltd (TRQ) Reports In-Line Q3 EPS” on November 03, 2016.
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By Pete Kolinski