Turquoise Hill Resources Ltd (TRQ) Director Purchases C$48,412.00 in Stock

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Turquoise Hill Resources Ltd (TSE:TRQ) (NYSE:TRQ) Director Ulf Quellmann purchased 19,600 shares of the stock in a transaction that occurred on Tuesday, November 6th. The shares were acquired at an average price of C$2.47 per share, for a total transaction of C$48,412.00.

TRQ stock traded down C$0.04 during trading on Wednesday, reaching C$2.38. 59,151 shares of the stock were exchanged, compared to its average volume of 1,048,781. Turquoise Hill Resources Ltd has a 1 year low of C$2.09 and a 1 year high of C$4.52.

A number of research firms recently weighed in on TRQ. CSFB restated a “neutral” rating and set a C$5.00 price target on shares of Turquoise Hill Resources in a research report on Monday, September 10th. TD Securities lowered their price target on shares of Turquoise Hill Resources from C$6.00 to C$5.50 and set a “buy” rating on the stock in a research report on Wednesday, October 17th. Finally, CIBC lowered their price target on shares of Turquoise Hill Resources from C$5.30 to C$5.10 in a research report on Friday, August 31st.

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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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