Luke Brandin Colton Purchases 44,886 Shares of Turquoise Hill Resources Ltd (TSE:TRQ) Stock

Turquoise Hill Resources Ltd (TSE:TRQ) (NYSE:TRQ) Senior Officer Luke Brandin Colton bought 44,886 shares of the company’s stock in a transaction dated Monday, September 14th. The stock was bought at an average price of C$1.10 per share, for a total transaction of C$49,374.60. Following the transaction, the insider now owns 44,886 shares of the company’s stock, valued at C$49,374.60.

Shares of TRQ stock opened at C$1.12 on Wednesday. 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’s 50-day moving average is C$1.24 and its two-hundred day moving average is C$0.92. Turquoise Hill Resources Ltd has a 12 month low of C$0.43 and a 12 month high of C$1.56. The company has a market capitalization of $2.25 billion and a PE ratio of 6.91.

Turquoise Hill Resources (TSE:TRQ) (NYSE:TRQ) last issued its earnings results on Tuesday, July 28th. The company reported C$0.06 EPS for the quarter. The firm had revenue of C$385.43 million for the quarter. Sell-side analysts forecast that Turquoise Hill Resources Ltd will post 0.21 EPS for the current year.

TRQ has been the topic of several research analyst reports. Canaccord Genuity dropped their target price on shares of Turquoise Hill Resources from C$2.50 to C$2.00 in a research report on Monday, August 31st. Credit Suisse Group boosted their price target on shares of Turquoise Hill Resources from C$1.00 to C$1.20 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Eight Capital upgraded shares of Turquoise Hill Resources from a “neutral” rating to a “buy” rating and boosted their price target for the stock from C$1.80 to C$2.25 in a research report on Monday, July 20th. CSFB boosted their price target on shares of Turquoise Hill Resources from C$1.00 to C$1.20 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Finally, TD Securities boosted their price target on shares of Turquoise Hill Resources from C$1.70 to C$1.95 and gave the stock a “speculative buy” rating in a research report on Monday, July 6th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Turquoise Hill Resources currently has a consensus rating of “Hold” and an average target price of C$1.64.

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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