Kopernik Global Investors buys $30,736,527 stake in Turquoise Hill Resources Ltd (TRQ)

Turquoise Hill Resources Ltd (TRQ) : Kopernik Global Investors scooped up 557,365 additional shares in Turquoise Hill Resources Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 9,788,703 shares of Turquoise Hill Resources Ltd which is valued at $30,736,527.Turquoise Hill Resources Ltd makes up approximately 5.07% of Kopernik Global Investors’s portfolio.

Other Hedge Funds, Including , Her Majesty The Queen In Right Of The Province Of Alberta… boosted its stake in TRQ in the latest quarter, The investment management firm added 521,200 additional shares and now holds a total of 5,084,098 shares of Turquoise Hill Resources Ltd which is valued at $16,625,000. Turquoise Hill Resources Ltd makes up approx 0.21% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio. Spot Trading L.l.c added TRQ to its portfolio by purchasing 27,681 company shares during the most recent quarter which is valued at $90,517. Turquoise Hill Resources Ltd makes up approx 0.01% of Spot Trading L.l.c’s portfolio.

Turquoise Hill Resources Ltd opened for trading at $3.03 and hit $3.09 on the upside on Wednesday, eventually ending the session at $3.08, with a gain of 0.33% or 0.01 points. The heightened volatility saw the trading volume jump to 35,33,547 shares. Company has a market cap of $6,198 M.

On the company’s financial health, Turquoise Hill Resources Ltd reported $0.01 EPS for the quarter, based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus estimate of $0.01. The company had revenue of $329.74 million for the quarter, compared to analysts expectations of $316.13 million. The company’s revenue was down -21.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.02 EPS.

Many Wall Street Analysts have commented on Turquoise Hill Resources Ltd. RBC Capital Mkts Initiated Turquoise Hill Resources Ltd on Jul 18, 2016 to “Sector Perform”, Price Target of the shares are set at $4.

Turquoise Hill Resources Ltd. (Turquoise Hill) is an international mining company focused on mining operations in Mongolia. The Company’s 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 Mongolia’s 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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