Turquoise Hill Resources Ltd. (TRQ)

NYSE: TRQ · IEX Real-Time Price · USD
23.30
-2.95 (-11.24%)
At close: Aug 15, 2022 4:00 PM
23.55
+0.25 (1.07%)
After-hours: Aug 15, 2022 7:58 PM EDT
-11.24%
Market Cap 4.69B
Revenue (ttm) 1.93B
Net Income (ttm) 549.17M
Shares Out 201.40M
EPS (ttm) 2.76
PE Ratio 8.44
Forward PE 20.28
Dividend n/a
Ex-Dividend Date n/a
Volume 7,723,836
Open 21.66
Previous Close 26.25
Day's Range 21.63 - 23.86
52-Week Range 9.75 - 31.05
Beta 1.70
Analysts Buy
Price Target 32.84 (+40.9%)
Earnings Date Aug 4, 2022

About TRQ

Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. The company primarily explores for copper, gold, and silver deposits. It engages in the operation and development of the Oyu Tolgoi copper-gold mine located in Southern Mongolia. The company was formerly known as Ivanhoe Mines Ltd. and changed its name to Turquoise Hill Resources Ltd. in August 2012. Turquoise Hill Resources Ltd. was incorporated in 1994 and is headquartered in Montreal, Canada. Turquoise Hill Resources Ltd. operates as a subsidiary of ... [Read more...]

Industry Metals & Mining
Founded 1994
Employees 3,478
Stock Exchange NYSE
Ticker Symbol TRQ
Full Company Profile

Financial Performance

In 2021, TRQ's revenue was $1.97 billion, an increase of 82.81% compared to the previous year's $1.08 billion. Earnings were $524.89 million, an increase of 29.19%.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for TRQ stock is "Buy." The 12-month stock price forecast is 32.84, which is an increase of 40.94% from the latest price.

Price Target
$32.84
(40.94% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Why Is Turquoise Hill Resources (TRQ) Stock Down Today?

Source: T. Schneider / Shutterstock Turquoise Hill Resources (NYSE: TRQ ) stock is is falling on Monday after the company rejected a takeover offer from Rio Tinto . In a press release from the company, ...

Rio Tinto reiterates compelling value of proposal to acquire full ownership of Turquoise Hill

LONDON--(BUSINESS WIRE)--Rio Tinto notes the Turquoise Hill announcement today indicating that the Turquoise Hill Special Committee has terminated its review of Rio Tinto's non-binding proposal to acqui...

Other symbols: RIO

Turquoise Hill rejects Rio Tinto's $2.7 billion buyout offer

LONDON (Reuters) -Turquoise Hill Resources Ltd on Monday rejected an offer by majority shareholder Rio Tinto Ltd to buy the 49% stake it doesn't already own for $2.7 billion, as it did not reflect the C...

Other symbols: RIO

Turquoise Hill Special Committee Finds Rio Tinto's Privatization Proposal Does Not Reflect Full & Fair Value of the C...

MONTREAL--(BUSINESS WIRE)--Turquoise Hill Special Committee Finds Rio Tinto's Privatization Proposal Does Not Reflect Full & Fair Value of the Company

Turquoise Hill announces financial results and review of operations for the second quarter of 2022

MONTREAL--(BUSINESS WIRE)--Turquoise Hill announces financial results and review of operations for the second quarter of 2022

Turquoise Hill to Announce Second Quarter Financial Results on August 4, 2022

MONTREAL--(BUSINESS WIRE)--Turquoise Hill to announce second quarter financial results on August 4, 2022

Turquoise Hill says copper and gold production down at Oyu Tolgoi in second quarter

(Kitco News) - On Thursday, Turquoise Hill Resources (TSX: TRQ) announced Q2 2022 copper production of 30.6 thousand tonnes, a decrease of 17% vs Q2 2021, at the Oyu Tolgoi mine in Mongolia.

Turquoise Hill Announces Second Quarter 2022 Production and Oyu Tolgoi Mine and Corporate Update

MONTREAL--(BUSINESS WIRE)--Turquoise Hill Announces Second Quarter 2022 Production and Oyu Tolgoi Mine and Corporate Update

Turquoise Hill Announces First Drawbell Firing

MONTREAL--(BUSINESS WIRE)--Turquoise Hill Announces First Drawbell Firing.

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Other symbols: AMRARCHARLPCPGSBLKVNOM

Turquoise Hill Acknowledges Receipt of Notice of Arbitration from Entrée Resources Ltd.

MONTREAL--(BUSINESS WIRE)--Turquoise Hill Acknowledges Receipt of Notice of Arbitration from Entrée Resources Ltd.

Rio Tinto agrees revisions to funding arrangements with Turquoise Hill Resources

LONDON--(BUSINESS WIRE)--Rio Tinto has agreed to amend the previously agreed funding plan with Turquoise Hill Resources (TRQ) (9 April, 2021) in order to provide liquidity of up to $400 million in short...

Other symbols: RIO

Turquoise Hill Announces Amendment to Comprehensive Financing Arrangement with Rio Tinto

MONTREAL--(BUSINESS WIRE)--Turquoise Hill Announces Amendment to Comprehensive Financing Arrangement with Rio Tinto

Turquoise Hill Announces Results of Voting for Directors

MONTREAL--(BUSINESS WIRE)--Turquoise Hill Announces Results of Voting for Directors on May 11, 2022

Turquoise Hill Announces Financial Results and Review of Operations for the First Quarter Of 2022

MONTREAL--(BUSINESS WIRE)--Turquoise Hill announces financial results and review of operations for the first quarter of 2022

Turquoise Hill to Announce First Quarter Financial Results on May 10, 2022

MONTREAL--(BUSINESS WIRE)--Turquoise Hill Resources Ltd. will announce its first quarter financial results on Tuesday, May 10, 2022 after markets close in North America.

Turquoise Hill reports copper and gold production decline at Oyu Tolgoi in Q1 due to lower head grades

(Kitco News) - Turquoise Hill said today that as planned, Q1 2022 copper and gold production at Oyu Tolgoi mine in Mongolia was lower year-over-year due to lower copper and gold head grade.

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Other symbols: FCXSCCO

Turquoise Hill Announces First Quarter 2022 Production and Oyu Tolgoi Mine and Corporate Update

MONTREAL--(BUSINESS WIRE)--Turquoise Hill Resources Ltd. today announced first quarter 2022 production and provided an Oyu Tolgoi LLC mine and corporate update.

Turquoise Hill Special Committee Provides Process Update

MONTREAL , April 7, 2022 /PRNewswire/ - Turquoise Hill Resources Ltd. ("Turquoise Hill" or the "Company") today provided an update on its review of the unsolicited non-binding proposal from Rio Tinto In...

Pentwater Delivers Open Letter to Turquoise Hill's Independent Directors

NAPLES, Fla.--(BUSINESS WIRE)--Pentwater Capital Management LP ("Pentwater"), the largest minority shareholder of Turquoise Hill Resources Ltd. ("Turquoise Hill" or the "Company") (TSX:TRQ) (NYSE:TRQ), ...

An Open Letter from SailingStone Capital Partners to Turquoise Hill's Independent Directors

HOUSTON--(BUSINESS WIRE)--SailingStone Capital Partners has delivered an open letter to the Turquoise Hill Independent Directors.

Why Turquoise Hill Stock Soared Today

A big buyout offer is on the table.

Rio Tinto (RIO) Offers to Get Remaining Stake in Turquoise Hill

Rio Tinto (RIO) has made an offer to acquire the remaining 51% stake in Turquoise Hill. If this deal comes through, Rio will hold 66% in the Oyu Tolgoi mine.

Other symbols: RIO

Turquoise Hill Resources Is Still Cheap

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