Technical Snapshots for These Metals & Minerals Stocks — Turquoise Hill Resources, Vedanta, Taseko Mines, and Ferroglobe

Turquoise Hill Resources

Shares in Vancouver, Canada headquartered Turquoise Hill Resources Ltd climbed 2.88%, ending Monday’s trading session at $3.21. The stock recorded a trading volume of 1.85 million shares. The Company’s shares are trading 0.51% and 5.33% above their 50-day and 200-day moving averages, respectively. Moreover, shares of Turquoise Hill Resources, which together with its subsidiaries, operates as a mining company, have a Relative Strength Index (RSI) of 53.62.  

On November 02nd, 2017, Turquoise Hill Resources announced its financial results for the quarter ended September 30th, 2017. Net income for Q3 2017 was $65.3 million, cost of sales was $197.8 million, cash generated from operating activities before interest and taxes was $94.7 million, and capital expenditure on property, plant and equipment was $234.0 million on a cash basis. The Company’s cash and cash equivalents at September 30th, 2017 were approximately $1.5 billion. Visit us today and access your complete report on TRQ for free at:


Panaji, India-based Vedanta Ltd’s stock rose 1.43%, closing the day at $21.22 with a total trading volume of 278,351 shares. The Company’s shares have advanced 5.84% in the past month, 13.23% in the previous three months, and 70.85% since the start of this year. The stock is trading 5.83% and 25.87% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Vedanta, which engages in exploring, extracting, and processing minerals, and oil and gas, have an RSI of 59.58. 

On November 02nd, 2017, Vedanta announced its unaudited consolidated results for Q2 ended September 30th, 2017. Revenues for Q2 2017 were Rs 21,520 crore, attributable profit after tax was Rs 2,036 crore, and EBITDA was Rs. 5,776 crore. The Company also reported a robust EBITDA margin of 35% and free cash flow of Rs 3,280 crore for the quarter. The complimentary research report on VEDL can be accessed at:

Taseko Mines

On Monday, shares in Vancouver, Canada headquartered Taseko Mines Ltd recorded a trading volume of 1.19 million shares. The stock ended the day 1.38% higher at $2.20. The Company’s shares have surged 35.80% in the previous three months and 158.13% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 7.51% and 45.70%, respectively. Furthermore, shares of Taseko Mines, which acquires, develops, and operates mineral properties in Canada and the US, have an RSI of 52.63.  

On October 11th, 2017, Taseko Mines announced that Ms. Anu Dhir has been appointed to its Board of Directors as an independent, non-executive director. Ms. Dhir is a co-founder and executive of ZinQ Mining, a private base metals and precious metals company. Prior to ZinQ, she served as Vice President, Corporate Development and Company Secretary at Katanga Mining Limited, a publicly listed mining company. Register for free on and download the research report on TGB at:


London, the UK headquartered Ferroglobe PLC’s stock gained 1.87%, finishing yesterday’s session at $15.27. A total volume of 1.07 million shares was traded, which was above their three months average volume of 710,520 shares. The Company’s shares have advanced 3.46% in the last one month, 16.03% in the previous three months, and 41.00% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 8.57% and 29.71%, respectively. Additionally, shares of Ferroglobe, which operates in the silicon and specialty metals industry in the US, Europe, and internationally, have an RSI of 55.62.  

On October 26th, 2017, research firm Stifel reiterated its ‘Buy’ rating on the Company’s stock with an increase of the target price from $19 a share to $22 a share.

On October 26th, 2017, Ferroglobe announced that Pierre Vareille has been appointed as a Non-Executive Director of the Board effective that day. Having studied at the Ecole Centrale de Paris and the Sorbonne University, Mr Vareille, a French citizen, is currently Lead Independent Director and Vice Chairman of Societe BIC S.A. and Independent Director of Etex N.V. and Verallia S.A.  Get free access to your research report on GSM at:

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