Investors are feeling more bullish on shares of Turquoise Hill Resources Ltd. O if you put credence in the motion in short interest. The firm realized a fall in short interest of -11.58% as of the latest report on August 31, 2017. Short shares fell 1,785,181 over that period. The short-interest ratio increased to 3.0 and the percentage of shorted shares is 0.01% as of August 31.
Additionally, here are a few investment firms who have increased or decreased their stake in (TRQ). As of the end of the quarter Sailingstone Capital Partners LLC had bought a total of 31,576,984 shares growing its holdings by 14.7%. The value of the investment in TRQ went from $657,886,000 to $651,561,000 a change of 1.0% quarter to quarter. Kopernik Global Investors, LLC bolstered its holdings by buying 1,459,052 shares an increase of 15.1% as of 06/30/2017. Kopernik Global Investors, LLC currently owns 11,096,394 shares with a value of $29,406,000. The total value of its holdings decreased 0.6%.
Cubist Systematic Strategies, LLC augmented its stake by buying 150,218 shares an increase of 699.1% in the quarter. Cubist Systematic Strategies, LLC controls 171,706 shares worth $455,000. The value of the position overall is up by 589.4%. As of quarter end Nwam LLC had disposed of 4,600 shares trimming its stake by 5.3%. The value of the investment in Turquoise Hill Resources Ltd. O decreased from $269,000 to $220,000 a change of $49,000 for the reporting period.
On September 15 analysts at CIBC began coverage by announcing an initial rating of “Sector Outperform”.
In the market the company is trading down since yesterday’s close of 3.12. Shares are trading at $3.12 which is just a bit below $3.19, the stock’s 50 day moving average and just above the 200 day moving average of $2.92. The 50 day moving average was down $-0.08 or -2.439% and the 200 day average went up $0.20 or +6.726%.
The company currently has a P/E ratio of 51.917 and the market cap of the company is 6.27B. In the latest earnings report the EPS was $0.06 and is expected to be $0.02 for the current year with 2,012,314,000 shares outstanding. Analysts expect next quarter’s EPS to be $-0.01 with next year’s EPS projected to be $-0.01.
Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. The company engages in mining copper, gold, and silver. Its principal material mineral resource property is the Oyu Tolgoi copper-gold mine located in the southern Mongolia. The company was formerly known as Ivanhoe Mines Ltd. and changed its name to Turquoise Hill Resources Ltd. in August 2012. The company was founded in 1994 and is headquartered in Vancouver, Canada..