Turquoise Hill Resources Ltd. (TRQ) Shares are Down -2.62%

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 -5.51% 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 -2.78% relative to the S&P 500. The 4-week change in the price of the stock is -6.01% and the stock has fallen -2.62% in the past 1 week.

The stock has recorded a 20-day Moving Average of 1.9% and the 50-Day Moving Average is 5.72%.The 200 Day SMA reached 6.74%


Turquoise Hill Resources Ltd. (NYSE:TRQ): The stock opened in the green at $3.04 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $3.05 and a low of $2.97 for the day. The stock did not find buyers even at the lows and closed at $2.97 recording a loss of -1.33%. 994,043 shares exchanged hands during the trading day. The stock had closed at $2.97 in the previous days trading.

Turquoise Hill Resources Ltd. (TRQ) : The highest level Turquoise Hill Resources Ltd. (TRQ) is projected to reach is $4 for the short term and the lowest estimate is at $2. The consolidated price target from 2 rating analysts who initiate coverage on the stock is $2.95 and the possibility the share price can swing is $1.34.

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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