These Gold Mining Stocks Under $10 are Poised to Explode

2. Turquoise Hill Resources Ltd (NYSE:TRQ)

Investors with Long Positions (as of June 30): 25

Aggregate Value of Investors’ Holdings (as of June 30): $697.41 Million

Turquoise Hill Resources Ltd (NYSE:TRQ) became more popular among the hedge funds tracked by Insider Monkey in the second quarter, with four more firms having the stock in their portfolios on June 30. Similarly, the value of their investments grew $29.66 million quarter-over-quarter. Turquoise Hill Resources is a mining company with its primary operation in the Oyu Tolgoi copper-gold-silver mine in Mongolia, in which the company owns a 66% interest. Turquoise Hill and Rio Tinto plc (ADR) (NYSE:RIO) are currently working on the project financing of the underground expansion of the Oyu Tolgoi mine. Kenneth Mario Garschina’s Mason Capital Management owns 23.32 million shares of Turquoise Hill Resources Ltd (NYSE:TRQ) as of June 30.