Ulf Quellmann Buys 100,000 Shares of Turquoise Hill Resources Ltd (TSE:TRQ) Stock

Turquoise Hill Resources Ltd (TSE:TRQ) (NYSE:TRQ) Director Ulf Quellmann acquired 100,000 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The stock was acquired at an average price of C$1.07 per share, for a total transaction of C$107,390.00. Following the completion of the acquisition, the director now directly owns 292,100 shares of the company’s stock, valued at C$313,686.19.

TRQ opened at C$1.12 on Wednesday. Turquoise Hill Resources Ltd has a fifty-two week low of C$0.43 and a fifty-two week high of C$1.56. The company has a debt-to-equity ratio of 52.55, a current ratio of 3.62 and a quick ratio of 3.11. The firm has a market capitalization of $2.25 billion and a price-to-earnings ratio of 6.91. The company’s 50 day moving average price is C$1.24 and its two-hundred day moving average price is C$0.92.

Turquoise Hill Resources (TSE:TRQ) (NYSE:TRQ) last issued its quarterly earnings results on Tuesday, July 28th. The company reported C$0.06 earnings per share (EPS) for the quarter. The firm had revenue of C$385.43 million during the quarter. As a group, equities research analysts predict that Turquoise Hill Resources Ltd will post 0.21 EPS for the current year.

Several equities research analysts have weighed in on TRQ shares. Credit Suisse Group increased their target price on shares of Turquoise Hill Resources from C$1.00 to C$1.20 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Scotiabank increased their price objective on shares of Turquoise Hill Resources from C$1.50 to C$2.00 in a research report on Thursday, September 3rd. Canaccord Genuity lowered their price objective on shares of Turquoise Hill Resources from C$2.50 to C$2.00 in a research report on Monday, August 31st. Eight Capital raised shares of Turquoise Hill Resources from a “neutral” rating to a “buy” rating and raised their target price for the company from C$1.80 to C$2.25 in a research report on Monday, July 20th. Finally, CSFB raised their target price on shares of Turquoise Hill Resources from C$1.00 to C$1.20 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Turquoise Hill Resources presently has an average rating of “Hold” and a consensus price target of C$1.64.

Turquoise Hill Resources Company 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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