Turquoise Hill Resources (TSE:TRQ) (NYSE:TRQ) had its price objective reduced by CIBC from C$5.10 to C$4.20 in a research report sent to investors on Tuesday morning.
Other research analysts have also recently issued reports about the stock. CSFB reaffirmed a neutral rating and issued a C$5.00 target price on shares of Turquoise Hill Resources in a report on Monday, September 10th. TD Securities decreased their target price on shares of Turquoise Hill Resources from C$6.00 to C$5.50 and set a buy rating for the company in a report on Wednesday, October 17th.
Shares of Turquoise Hill Resources stock opened at C$2.42 on Tuesday. Turquoise Hill Resources has a 52-week low of C$2.09 and a 52-week high of C$4.52.
In related news, Director Ulf Quellmann purchased 19,600 shares of Turquoise Hill Resources stock in a transaction dated Tuesday, November 6th. The stock was purchased at an average cost of C$2.47 per share, for a total transaction of C$48,412.00. Also, Director Robert Peter Charles Gillin purchased 10,000 shares of Turquoise Hill Resources stock in a transaction dated Friday, September 7th. The stock was bought at an average price of C$2.89 per share, with a total value of C$28,900.00.
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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