Turquoise Hill Resources (TRQ) PT Lowered to C$5.50 at TD Securities

Turquoise Hill Resources (TSE:TRQ) (NYSE:TRQ) had its price objective lowered by TD Securities from C$6.00 to C$5.50 in a research note issued on Wednesday. The firm presently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 126.34% from the stock’s current price.

A number of other research firms have also commented on TRQ. CIBC lowered their price target on shares of Turquoise Hill Resources from C$5.30 to C$5.10 in a report on Friday, August 31st. CSFB reiterated a “neutral” rating and set a C$5.00 price target on shares of Turquoise Hill Resources in a report on Monday, September 10th.

Shares of TRQ opened at C$2.43 on Wednesday. Turquoise Hill Resources has a fifty-two week low of C$2.28 and a fifty-two week high of C$4.52.

Turquoise Hill Resources (TSE:TRQ) (NYSE:TRQ) last announced its quarterly earnings data on Tuesday, July 31st. The company reported C$0.12 earnings per share for the quarter. The firm had revenue of C$441.06 million during the quarter. Turquoise Hill Resources had a net margin of 13.48% and a return on equity of 2.31%.

In other news, Director Robert Peter Charles Gillin purchased 10,000 shares of the stock in a transaction that occurred on Friday, September 7th. The stock was bought at an average cost of C$2.89 per share, for a total transaction of C$28,900.00.

About Turquoise Hill Resources

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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