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Turquoise Hill Resources Ltd. (TRQ)

NYSE: TRQ · IEX Real-Time Price · USD
13.34 -0.28 (-2.06%)
Oct 21, 2021 2:04 PM EDT - Market open
Market Cap2.75B
Revenue (ttm)1.51B
Net Income (ttm)622.11M
Shares Out201.23M
EPS (ttm)3.09
PE Ratio4.31
Forward PE13.05
Dividendn/a
Ex-Dividend Daten/a
Volume494,508
Open13.45
Previous Close13.62
Day's Range13.23 - 13.74
52-Week Range7.49 - 21.89
Beta1.94
AnalystsBuy
Price Target18.97 (+42.2%)
Est. Earnings DateNov 2, 2021

About TRQ

Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. The company explores for copper, gold, and silver deposits. It develops and operates 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. is a subsidiary of Rio Tinto plc.

IndustryMetals & Mining
Founded1994
Employees3,093
Stock ExchangeNYSE
Ticker SymbolTRQ
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for TRQ stock is "Buy." The 12-month stock price forecast is 18.97, which is an increase of 42.20% from the latest price.

Price Target
$18.97
(42.20% upside)
Analyst Consensus: Buy

News

Turquoise Hill reports 256% gold production increase at Oyu Tolgoi in third quarter

(Kitco News) - Turquoise Hill Resources announced Thursday that in Q3 2021, both copper and gold production from the open pit at the Oyu Tolgoi mine in Mongolia were higher compared to Q3 2020 due to hi...

6 days ago - Kitco

Why Shares of Turquoise Hill Are Crashing Today

Investors see a less lustrous future for this copper producer.

6 days ago - The Motley Fool

Turquoise Hill announces third quarter 2021 production and provides Oyu Tolgoi mine update

MONTREAL, Oct. 14, 2021 /PRNewswire/ - Turquoise Hill Resources Ltd. ("Turquoise Hill" or the "Company") today announced third quarter 2021 production for Oyu Tolgoi LLC ("Oyu Tolgoi" or "OT") and provi...

6 days ago - PRNewsWire

Couloir Capital is Pleased to Announce the Initiation of Research Coverage on Turquoise Hill Resources Ltd.

Vancouver, British Columbia--(Newsfile Corp. - September 24, 2021) - Couloir Capital is pleased to announce initiation of research coverage on Turquoise Hill Resources Ltd. (TSX: TRQ) (NYSE: TRQ). The r...

3 weeks ago - Newsfile Corp

Turquoise Hill Comments on Review of Oyu Tolgoi Mine Increase in Cost and Schedule Extension

MONTREAL, Aug. 9, 2021 /PRNewswire/ - Turquoise Hill Resources (the "Company") today commented on recent media reports in relation to a consulting report addressing the previously announced increase in ...

2 months ago - PRNewsWire

Turquoise Hill announces financial results and review of operations for the second quarter of 2021

MONTREAL, July 29, 2021 /PRNewswire/ - Turquoise Hill Resources Ltd. ("Turquoise Hill" or the "Company") today announced its financial results for the period ended June 30, 2021.

2 months ago - PRNewsWire

Turquoise Hill to announce the second quarter financial results on July 29, 2021

MONTREAL, July 20, 2021 /PRNewswire/ - Turquoise Hill Resources will announce its second quarter financial results on Thursday, July 29, 2021 after markets close in North America. The Company will host ...

3 months ago - PRNewsWire

Why Turquoise Hill Resources Shares Are Trading Lower Today

Turquoise Hill Resources Ltd (NYSE:TRQ) shares are trading lower Friday afternoon after the company announced a second-quarter 2021 product and provided an update on the Oyu Tolgoi mine. Macquarie analy...

3 months ago - Benzinga

Why Turquoise Hill Resources Stock Is Tumbling Today

The copper producer is facing some headwinds.

3 months ago - The Motley Fool

Turquoise Hill says COVID-19 restrictions adversely impacted Oyu Tolgoi operations in Q2

(Kitco News) - The company said that in Q2 2021, open pit mining activities were impacted by personnel shortages due to COVID-19 restrictions.

3 months ago - Kitco

Why Turquoise Hill Resources Stock Fell 19% Today

The copper, gold, and silver miner had a great first quarter, but all the news in its earnings update wasn't good.

5 months ago - The Motley Fool

Turquoise Hill Announces Results of Voting for Directors

MONTREAL, May 12, 2021 /PRNewswire/ - Turquoise Hill Resources Ltd. (TSX:TRQ) (NYSE:TRQ) ("Turquoise Hill" or the "Company") today announced that the nominees set forth in its management proxy circular ...

5 months ago - PRNewsWire

Turquoise Hill announces financial results and review of operations for the first quarter of 2021

MONTREAL, May 12, 2021 /PRNewswire/ - Turquoise Hill Resources Ltd. ("Turquoise Hill" or the "Company") today announced its financial results for the period ended March 31, 2021.

5 months ago - PRNewsWire

The New Bitcoin? Why You Should Watch Copper Stocks Like SCCO, TRQ and FCX Today

Copper stocks like FCX stock are getting a boost as a supply-demand imbalance drives copper prices to record-high levels. The post The New Bitcoin?

Other symbols:FCXSCCO
5 months ago - InvestorPlace

Copper Price Prediction: Where Does the Metal Go Next After All-Time Highs?

The price of copper hit a new all-time high recently and it could continue to soar even higher based on recent predictions. The post Copper Price Prediction: Where Does the Metal Go Next After All-Time ...

Other symbols:FCXHBMSCCO
5 months ago - InvestorPlace

Copper Price Forecast 2024: Why One Analyst Thinks We Could Hit $20K+

The price of copper could see a massive increase to $20,0000 per ton by the time 2024 rolls around if one forecast is to be believed. The post Copper Price Forecast 2024: Why One Analyst Thinks We Could...

Other symbols:FCXHBMSCCO
5 months ago - InvestorPlace

Turquoise Hill to announce first quarter financial results on May 12, 2021

MONTREAL, May 4, 2021 /PRNewswire/ - Turquoise Hill Resources will announce its first quarter financial results on Wednesday, May 12, 2021 after markets close in North America. The Company will host a c...

5 months ago - PRNewsWire

Turquoise Hill Provides Update on Oyu Tolgoi LLC International Tax Arbitration

MONTREAL, May 3, 2021 /PRNewswire/ - Turquoise Hill Resources Ltd. ("Turquoise Hill" or the "Company") today announced that the Government of Mongolia ("GOM") filed its statement of defence together wit...

5 months ago - PRNewsWire

7 Copper Stocks Set To Benefit From a Huge $15K Target

Copper stocks could have years of growth ahead thanks to demand from new technologies. And in that scenario, these seven should lead the way.

Other symbols:COPXFCXHBMSCCO
5 months ago - InvestorPlace

Turquoise Hill announces first quarter 2021 production and Oyu Tolgoi mine update

MONTREAL, April 19, 2021 /PRNewswire/ - Turquoise Hill Resources Ltd. ("Turquoise Hill" or the "Company") today announced first quarter 2021 production for Oyu Tolgoi LLC ("Oyu Tolgoi") and provided an ...

6 months ago - PRNewsWire

3 Capital-Intensive Stocks to Consider

When screening the market for value opportunities amid capital-intensive businesses, investors may want to look at stocks whose price-to-tangible-book-value ratios are more compelling than their peers.

Other symbols:TECK
6 months ago - GuruFocus

Rio Tinto reaches agreement with Turquoise Hill Resources on financing plan for Oyu Tolgoi

MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto has entered into a binding Heads of Agreement (HoA) with Turquoise Hill Resources (TRQ) for an updated funding plan (the “Funding Plan”) for the completi...

Other symbols:RIO
6 months ago - Business Wire

Turquoise Hill Resources and Rio Tinto Reach Binding Agreement on Funding Plan for Oyu Tolgoi

MONTREAL, April 9, 2021 /PRNewswire/ - Turquoise Hill Resources Ltd. ("Turquoise Hill" or the "Company") and Rio Tinto today announced that they have entered into a binding Heads of Agreement (HoA) to p...

Other symbols:RIO
6 months ago - PRNewsWire

Turquoise Hill announces financial results and review of operations for 2020

MONTREAL, March 8, 2021 /PRNewswire/ - Turquoise Hill Resources today announced its financial results for the year ended December 31, 2020. All figures are in U.S. dollars unless otherwise stated. "2020...

7 months ago - PRNewsWire

Pentwater Condemns Rio Tinto's Unethical Termination of Turquoise Hill CEO

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), ...

7 months ago - Business Wire