Turquoise Hill Resources (TRQ) Given Outperform Rating at Scotiabank

The stock of Turquoise Hill Resources Ltd. (NYSE:TRQ) earned "Hold" rating by RBC Capital Markets on Wednesday, June 28. The fund owned 3,878,480 shares of the basic materials company's stock after selling 253,800 shares during the quarter. Norges Bank purchased a new stake in Turquoise Hill Resources during the fourth quarter worth approximately $26,530,000. Hedge funds and other institutional investors own 33.87% of the company's stock. Van ECK Associates Corp increased its position in shares of Turquoise Hill Resources by 15.1% during the second quarter. Goldman Sachs Group Inc. now owns 649,952 shares of the basic materials company's stock worth $1,723,000 after purchasing an additional 389,357 shares in the last quarter. Virtu KCG Holdings LLC lifted its position in Turquoise Hill Resources by 25.0% in the second quarter. Bank of Nova Scotia now owns 918,914 shares of the basic materials company's stock worth $2,445,000 after purchasing an additional 230,862 shares in the last quarter. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Turquoise Hill Resources Ltd. and related companies with MarketBeat.com's FREE daily email newsletter. Korea Investment CORP acquired a new stake in Turquoise Hill Resources in the third quarter worth approximately $215,000. The firm owned 3,631,201 shares of the basic materials company's stock after buying an additional 207,232 shares during the period. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -0.02%. Greenleaf Trust acquired a new position in shares of Turquoise Hill Resources during the second quarter worth $122,000. The company has a 50-day moving average price of $2.63 and a 200 day moving average price of $3.10. Slightly noticeable ratio of firm is current ratio, which is standing at 6.90. Turquoise Hill Resources Ltd has a one year low of $2.44 and a one year high of $3.80.

Currently, the stock carries a price to earnings ratio of 48.7, a price to book ratio of 18.49, and a price to sales ratio of 12.96.

The stock increased 0.66% or $0.02 during the last trading session, reaching $3.03. For the past 5 years, the company's revenue has grown 11.6%, while the company's earnings per share has grown 22.2%. The firm had revenue of $246.90 million for the quarter, compared to analyst estimates of $246.86 million. Turquoise Hill Resources had a net margin of 24.48% and a return on equity of 2.81%. The firm's revenue for the quarter was up 9.1% compared to the same quarter a year ago. Looking on other side, Forward Price to Earnings ratio of TRQ persists on 120.40.

CIBC "Initiates Coverage On" Turquoise Hill Resources Ltd (NYSE:TRQ) in a research note issued to investors on 9/15/17 to Sector Outperform with price target of $0. Turquoise Hill Resources had 13 analyst reports since September 29, 2015 according to SRatingsIntel.

A number of key analysts, polled by FactSet, shared their views about the current stock momentum.

The Return on Invested Capital (aka ROIC) Score for Turquoise Hill Resources Ltd. (TSX:TRQ) is 1.454854.

According to 39 stock analysts, Workday, Inc., is being kept at an average Hold, rating, with at least 9.71% of shares outstanding that are now legally short sold.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Turquoise Hill Resources Ltd (NYSE:TRQ) high price target of $4 and with a conservative view have low price target of $4.

ILLEGAL ACTIVITY NOTICE: This report was first published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are reading this piece on another website, it was illegally stolen and reposted in violation of USA & worldwide copyright & trademark laws.

Checking in on some valuation rankings, Turquoise Hill Resources Ltd. (TSX:TRQ) has a Value Composite score of 47. 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.

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