The Great West Life Assurance Co. Can Reduces Stake in Turquoise Hill Resources Ltd (TRQ)

The Great West Life Assurance Co. Can Reduces Stake in Turquoise Hill Resources Ltd (TRQ)

Several other institutional investors have also added to or reduced their stakes in TRQ. AMP Capital Investors Ltd raised its position in Turquoise Hill Resources by 17.4% in the third quarter. AMP Capital Investors Ltd now owns 462,073 shares of the basic materials company’s stock valued at $1,393,000 after buying an additional 68,600 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Turquoise Hill Resources by 19.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 364,448 shares of the basic materials company’s stock valued at $1,076,000 after buying an additional 60,398 shares in the last quarter. Ontario Teachers Pension Plan Board raised its position in Turquoise Hill Resources by 35.4% in the third quarter. Ontario Teachers Pension Plan Board now owns 158,106 shares of the basic materials company’s stock valued at $467,000 after buying an additional 41,316 shares in the last quarter. Mackenzie Financial Corp raised its position in Turquoise Hill Resources by 9,594.1% in the third quarter. Mackenzie Financial Corp now owns 3,639,464 shares of the basic materials company’s stock valued at $10,809,000 after buying an additional 3,601,921 shares in the last quarter. Finally, Lombard Odier Asset Management USA Corp acquired a new position in Turquoise Hill Resources during the third quarter valued at approximately $912,000. 30.50% of the stock is currently owned by institutional investors.

Great West Life Assurance Co. Can lowered its stake in shares of Turquoise Hill Resources Ltd (NYSE:TRQ) (TSE:TRQ) by 8.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 639,609 shares of the basic materials company’s stock after selling 59,625 shares during the period. Great West Life Assurance Co. Can’s holdings in Turquoise Hill Resources were worth $1,939,000 at the end of the most recent quarter.

Shares of Turquoise Hill Resources Ltd (TRQ) opened at 2.52 on Monday. The company has a market cap of $5.07 billion, a price-to-earnings ratio of 40.00 and a beta of 0.74. Turquoise Hill Resources Ltd has a one year low of $2.51 and a one year high of $3.80. The firm has a 50-day moving average of $2.69 and a 200-day moving average of $3.18.

Turquoise Hill Resources (NYSE:TRQ) last posted its quarterly earnings data on Monday, May 15th. The basic materials company reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.03. Turquoise Hill Resources had a net margin of 21.61% and a return on equity of 3.78%. The business had revenue of $237.50 million for the quarter, compared to analysts’ expectations of $233.49 million. During the same quarter in the previous year, the business posted $0.06 earnings per share. The business’s revenue was down 43.8% compared to the same quarter last year.

Several equities analysts recently commented on TRQ shares. Credit Suisse Group AG reaffirmed a “neutral” rating on shares of Turquoise Hill Resources in a report on Tuesday, April 18th. Royal Bank of Canada reissued a “hold” rating on shares of Turquoise Hill Resources in a report on Wednesday, April 19th. Finally, ValuEngine lowered shares of Turquoise Hill Resources from a “buy” rating to a “hold” rating in a report on Friday. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $4.90. About Turquoise Hill Resources

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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TRQ”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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