Turquoise Hill Resources Ltd. (TRQ): Price Target and June Short Interest Disclosure

Turquoise Hill Resources Ltd. (TRQ) has been rated by 2 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $4 and the lowest price target forecast is $2. The average forecast of all the analysts is $2.95 and the expected standard deviation is $1.34.

The short interest in Turquoise Hill Resources Ltd. (TRQ) has increased from 14,807,652 on June 15,2016 to 19,654,592 on June 30,2016. The change was measured at 4,846,940 shares or 32.7%. The leftover shorts were 2% of the floated shares. The days to cover are 6, given the average daily volume of 3,068,107 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.


Turquoise Hill Resources Ltd. (NYSE:TRQ): stock turned positive on Thursday. Though the stock opened at $3.56, the bulls momentum made the stock top out at $3.66 level for the day. The stock recorded a low of $3.53 and closed the trading day at $3.63, in the green by 1.97%. The total traded volume for the day was 3,253,974. The stock had closed at $3.56 in the previous days trading.

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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