Turquoise Hill Resources Ltd (TRQ) Position Reduced by TD Asset Management Inc

Legal & General Group Plc lifted its holdings in shares of Turquoise Hill Resources Ltd (NYSE:TRQ) (TSE:TRQ) by 6.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. Capital Growth Management LP owned 1.90% of Turquoise Hill Resources worth $118,498,000 as of its most recent SEC filing. Dalton Investments LLC increased its holdings in shares of Turquoise Hill Resources by 43.5% during the second quarter. Vanguard Group Inc. increased its holdings in shares of Turquoise Hill Resources by 20.5% during the second quarter. Finally, Key Group Holdings Cayman LTD. increased its holdings in shares of Turquoise Hill Resources by 24.4% during the second quarter. Russell Investments Group Ltd. now owns 7,191,115 shares of the basic materials company's stock worth $22,293,000 after purchasing an additional 1,104,444 shares in the last quarter.

Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. Virtu KCG Holdings LLC now owns 66,985 shares of the basic materials company's stock valued at $178,000 after buying an additional 13,416 shares during the period.

Additionally on 11/14/16 Canaccord Genuity "Upgrades" Turquoise Hill Resources Ltd (NYSE:TRQ) to Buy setting price target at $0 and on 8/17/16 Canaccord Genuity "Initiates Coverage on" the stock to Hold. Van ECK Associates Corp now owns 48,358 shares of the basic materials company's stock worth $129,000 after acquiring an additional 6,360 shares during the period. Institutional investors and hedge funds own 33.87% of the company's stock. Norges Bank purchased a new stake in Turquoise Hill Resources during the fourth quarter worth approximately $26,530,000. The company's stock had a trading volume of 710,941 shares, compared to its average volume of 3,592,818. The company has a debt-to-equity ratio of 0.52, a quick ratio of 6.38 and a current ratio of 6.85.

Turquoise Hill Resources Ltd (TRQ) traded down $0.05 on Wednesday, reaching $3.01. The company has a market capitalization of $5.05 billion, a PE ratio of 39.84 and a beta of 0.37.

Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) last issued its earnings results on Thursday, November 2nd. However the company reported $0.05 earnings per share for the same quarter during a year ago. The firm had revenue of $246.90 million for the quarter, compared to analyst estimates of $246.86 million.

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. The business's revenue was up 9.1% on a year-over-year basis. During the same period past year, the business posted ($0.02) earnings per share.

Several equities research analysts have weighed in on TRQ shares. Royal Bank of Canada set a $4.00 price objective on Turquoise Hill Resources and gave the company a "hold" rating in a research note on Tuesday, October 10th. The company presently has a consensus rating of Hold and an average price target of $4.90. Finally, BidaskClub cut Turquoise Hill Resources from a "buy" rating to a "hold" rating in a research report on Wednesday, August 16th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. RBC Capital Markets has "Hold" rating and $4.0 target.

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