151 institutions hold shares in Turquoise Hill Resources Ltd. (TRQ), with 102.2M shares held by insiders accounting for 50.79% while institutional investors hold 73.94% of the company’s shares. The shares outstanding are 201.23M, and float is at 99.03M with Short Float at 0.82%. Institutions hold 36.39% of the Float.
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The top institutional shareholder in the company is Pentwater Capital Management Lp with over 18.67 million shares valued at $231.83 million. The investor’s holdings represent 9.28% of the TRQ Shares outstanding. As of Dec 30, 2020, the second largest holder is Kopernik Global Investors, LLC with 8.18 million shares valued at $101.63 million to account for 4.07% of the shares outstanding. The other top investors are Credit Suisse Ag/ which holds 4.98 million shares representing 2.48% and valued at over $61.9 million, while SailingStone Capital Partners LLC holds 2.21% of the shares totaling 4.45 million with a market value of $55.25 million.
Turquoise Hill Resources Ltd. (NYSE: TRQ) is 26.25% higher on its value in year-to-date trading and has touched a low of $3.01 and a high of $16.86 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TRQ stock was last observed hovering at around $15.71 in the last trading session, with the day’s loss setting it -0.03% off its average median price target of $18.17 for the next 12 months. It is also 30.53% off the consensus price target high of $22.57 offered by 7 analysts, but current levels are -99.75% lower than the price target low of $7.85 for the same period.
Currently trading at $15.68, the stock is 9.23% and 19.55% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing -0.19% at the moment leaves the stock 61.28% off its SMA200. TRQ registered 204.41% gain for a year compared to 6-month gain of 45.19%. The firm has a 50-day simple moving average (SMA 50) of $13.23 and a 200-day simple moving average (SMA200) of $10.66.
The stock witnessed a 31.65% loss in the last 1 month and extending the period to 3 months gives it a 61.98%, and is -5.83% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.29% over the week and 5.72% over the month.
Turquoise Hill Resources Ltd. (TRQ) has around 2854 employees, a market worth around $3.27B and $894.50M in sales. Current P/E ratio is 8.78 and Fwd P/E is 8.21. Profit margin for the company is 33.70%. Distance from 52-week low is 420.76% and -7.00% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.30%).
Turquoise Hill Resources Ltd. (TRQ) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Turquoise Hill Resources Ltd. (TRQ) is a “Overweight”. 7 analysts offering their recommendations for the stock have an average rating of 3.00, where 2 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Turquoise Hill Resources Ltd. is expected to release its quarterly report on 05/19/2021 and quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $253.77M over the same period.The EPS is expected to shrink by -136.60% this year, but quarterly earnings will post -21.80% year-over-year. Quarterly sales are estimated to grow 13.00% in year-over-year returns.