Turquoise Hill Resources Ltd. (TRQ) Shares are Down -1.98%

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 -3.15% 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 -2.5% relative to the S&P 500. The 4-week change in the price of the stock is -5.11% and the stock has fallen -1.98% in the past 1 week.

The stock has recorded a 20-day Moving Average of 3.29% and the 50-Day Moving Average is 8.76%.The 200 Day SMA reached 7.73% Turquoise Hill Resources Ltd. has dropped 10.27% during the last 3-month period . Year-to-Date the stock performance stands at 16.93%.


Turquoise Hill Resources Ltd. (TRQ) : 2 Wall Street analysts covering Turquoise Hill Resources Ltd. (TRQ) believe that the average level the stock could reach for the short term is $2.95. The maximum price target given is $4 and the minimum target for short term is around $2, hence the standard deviation is calculated at $1.34.

Company shares have received an average consensus rating of Hold for the current week Turquoise Hill Resources Ltd. (NYSE:TRQ): The stock opened at $2.91 and touched an intraday high of $3 on Friday. During the day, the stock corrected to an intraday low of $2.9, however, the bulls stepped in and pushed the price higher to close in the green at $2.97 with a gain of 1.02% for the day. The total traded volume for the day was 1,186,470. The stock had closed at $2.97 in the previous trading session.

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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