TD Asset Management Inc. lowered its position in shares of Turquoise Hill Resources Ltd. (NYSE:TRQ) (TSE:TRQ) by 6.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,878,480 shares of the basic materials company’s stock after selling 253,800 shares during the period. TD Asset Management Inc. owned about 0.19% of Turquoise Hill Resources worth $11,971,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its position in shares of Turquoise Hill Resources by 149.4% during the second quarter. Goldman Sachs Group Inc. now owns 649,952 shares of the basic materials company’s stock worth $1,723,000 after purchasing an additional 389,357 shares in the last quarter. Bank of Nova Scotia increased its position in shares of Turquoise Hill Resources by 33.6% during the second quarter. Bank of Nova Scotia now owns 918,914 shares of the basic materials company’s stock worth $2,445,000 after purchasing an additional 230,862 shares in the last quarter. Dalton Investments LLC increased its position in shares of Turquoise Hill Resources by 5.2% during the third quarter. Dalton Investments LLC now owns 15,351,938 shares of the basic materials company’s stock worth $47,591,000 after purchasing an additional 754,667 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Turquoise Hill Resources by 1,035.5% during the second quarter. Tower Research Capital LLC TRC now owns 133,994 shares of the basic materials company’s stock worth $462,000 after purchasing an additional 122,194 shares in the last quarter. Finally, Shell Asset Management Co. increased its position in shares of Turquoise Hill Resources by 86.2% during the third quarter. Shell Asset Management Co. now owns 185,144 shares of the basic materials company’s stock worth $779,000 after purchasing an additional 85,697 shares in the last quarter. Institutional investors and hedge funds own 33.87% of the company’s stock.

TRQ has been the topic of a number of research analyst reports. Royal Bank Of Canada set a $4.00 target price on Turquoise Hill Resources and gave the stock a “hold” rating in a research report on Tuesday, October 10th. BidaskClub cut Turquoise Hill Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. CIBC assumed coverage on Turquoise Hill Resources in a research report on Friday, September 15th. They set a “sector outperform” rating on the stock. Finally, Scotiabank restated a “buy” rating and issued a $5.50 price target on shares of Turquoise Hill Resources in a research report on Monday, November 6th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Turquoise Hill Resources has a consensus rating of “Hold” and an average target price of $4.75.

Shares of Turquoise Hill Resources Ltd. (NYSE TRQ) traded up $0.06 during mid-day trading on Friday, reaching $3.00. The company had a trading volume of 2,940,000 shares, compared to its average volume of 1,464,881. The firm has a market cap of $6,036.94, a PE ratio of 27.27 and a beta of 0.31. Turquoise Hill Resources Ltd. has a 1 year low of $2.44 and a 1 year high of $3.80. The company has a debt-to-equity ratio of 0.52, a current ratio of 6.85 and a quick ratio of 6.38.

Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) last issued its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $246.90 million for the quarter, compared to analysts’ expectations of $246.86 million. Turquoise Hill Resources had a return on equity of 2.81% and a net margin of 24.48%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.02) EPS.

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Turquoise Hill Resources Company Profile

Turquoise Hill Resources Ltd. is an international mining company. The Company 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. The Company’s Oyu Tolgoi mine is held through approximately 65% interest in Oyu Tolgoi LLC (Oyu Tolgoi) and the remaining approximately 35% interest is held by Erdenes Oyu Tolgoi LLC (Erdenes).

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Institutional Ownership by Quarter for Turquoise Hill Resources (NYSE:TRQ)

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