Swiss National Bank Has $7.47 Million Stake in Turquoise Hill Resources Ltd (TRQ)

Swiss National Bank decreased its position in shares of Turquoise Hill Resources Ltd (NYSE:TRQ) (TSE:TRQ) by 3.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,521,700 shares of the basic materials company’s stock after selling 140,800 shares during the quarter. Swiss National Bank’s holdings in Turquoise Hill Resources were worth $7,470,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Aperio Group LLC lifted its position in Turquoise Hill Resources by 132.9% during the second quarter. Aperio Group LLC now owns 568,413 shares of the basic materials company’s stock worth $1,614,000 after acquiring an additional 324,341 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Turquoise Hill Resources by 4.7% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,983,051 shares of the basic materials company’s stock worth $8,442,000 after acquiring an additional 134,367 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Turquoise Hill Resources by 9.4% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,512,013 shares of the basic materials company’s stock worth $4,276,000 after acquiring an additional 129,300 shares during the last quarter. State of Wisconsin Investment Board lifted its position in Turquoise Hill Resources by 83.0% during the second quarter. State of Wisconsin Investment Board now owns 764,396 shares of the basic materials company’s stock worth $2,162,000 after acquiring an additional 346,700 shares during the last quarter. Finally, Tobam lifted its position in Turquoise Hill Resources by 657.3% during the second quarter. Tobam now owns 678,500 shares of the basic materials company’s stock worth $1,919,000 after acquiring an additional 588,900 shares during the last quarter. 33.18% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have issued reports on TRQ. ValuEngine upgraded shares of Turquoise Hill Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. CIBC restated a “buy” rating on shares of Turquoise Hill Resources in a research report on Tuesday, November 6th.

Shares of TRQ stock opened at $1.80 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 5.16 and a quick ratio of 4.73. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 9.63 and a beta of 0.77. Turquoise Hill Resources Ltd has a 12-month low of $1.59 and a 12-month high of $3.59.

Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) last issued its quarterly earnings data on Thursday, November 1st. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.01. Turquoise Hill Resources had a net margin of 33.28% and a return on equity of 4.41%. The firm had revenue of $247.00 million during the quarter, compared to the consensus estimate of $258.30 million. During the same period last year, the business posted $0.03 earnings per share. The business’s revenue for the quarter was up .0% compared to the same quarter last year.

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Turquoise Hill Resources Profile

Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. The company explores for copper, gold, silver, and molybdenum deposits. It primarily develops and operates the Oyu Tolgoi mine located in the southern Mongolia. The company was formerly known as Ivanhoe Mines Ltd.

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Institutional Ownership by Quarter for Turquoise Hill Resources (NYSE:TRQ)

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