TRQ - Turquoise Hill Resources Ltd.

NYSE - NYSE Delayed price. Currency in USD
2.82
+0.06 (+2.17%)
At close: 4:02PM EDT

2.83 +0.01 (0.35%)
After hours: 6:54PM EDT

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Previous close2.76
Open2.75
Bid2.72 x 47300
Ask2.83 x 1000
Day's range2.72 - 2.83
52-week range2.47 - 3.59
Volume850,332
Avg. volume3,080,406
Market cap5.76B
Beta1.09
PE ratio (TTM)25.18
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
Trade prices are not sourced from all markets
  • Freeport-McMoRan Faces a $3.5 Billion Question
    Market Realist26 days ago

    Freeport-McMoRan Faces a $3.5 Billion Question

    Freeport-McMoRan Is Up ~13% in May: Can Hot Streak Continue? According to Reuters, citing a statement from Rio Tinto (RIO) (TRQ), the miner is in talks with Indonesia’s Inalum to sell its stake in Grasberg for $3.5 billion.* Grasberg is the second-largest copper mine after Escondida, which is operated by BHP Billiton (BHP). According to the statement, “No agreement has been reached and there is no certainty that a binding agreement with Indonesia’s state mining holding company Inalum will be signed.” Freeport-McMoRan (FCX) is also separately negotiating a stake sale with the Indonesian government (EIDO).

  • Associated Presslast month

    Turquoise Hill: 1Q Earnings Snapshot

    On a per-share basis, the Vancouver, British Columbia-based company said it had profit of 4 cents. The metal and coal mining company posted revenue of $245.6 million in the period. The company's shares ...

  • Freeport-McMoRan: Analyzing the Grasberg Concerns
    Market Realistlast month

    Freeport-McMoRan: Analyzing the Grasberg Concerns

    Freeport-McMoRan (FCX) operates the Grasberg mine in Indonesia. The Grasberg mine is the world’s second-largest mine after BHP Billiton’s (BHP) Escondida mine. Rio Tinto (RIO) (TRQ) is Freeport’s partner at the Grasberg mine. Despite Freeport-McMoRan agreeing to two of the key demands made by the Indonesian government, its problems are far from over.

  • Could Markets Have Pre-Empted Freeport’s Massive Slide?
    Market Realist2 months ago

    Could Markets Have Pre-Empted Freeport’s Massive Slide?

    In the previous article, we looked at various factors that may have triggered the massive sell-off in Freeport-McMoRan (FCX) stock yesterday. Southern Copper (SCCO), another pure-play copper miner, also fell on April 24. Along with the abovementioned factors, issues in Indonesia may have made investors wary of Freeport.

  • Freeport-McMoRan’s 1Q18 Earnings: Reading between the Lines
    Market Realist2 months ago

    Freeport-McMoRan’s 1Q18 Earnings: Reading between the Lines

    Freeport-McMoRan (FCX) released its 1Q18 earnings today and reported revenues of $4.8 billion. Freeport’s 1Q18 adjusted EPS (earnings per share) from continuing operations were $0.46, versus $0.13 in the corresponding quarter last year. Despite the sharp yearly increase, Freeport’s 1Q18 earnings fell short of expectations.

  • Will US-China Frictions Reflect in Freeport’s 1Q18 Earnings?
    Market Realist2 months ago

    Will US-China Frictions Reflect in Freeport’s 1Q18 Earnings?

    In the previous part of this series, we noted that Freeport-McMoRan (FCX) expects its 1Q18 copper shipments to be similar to the sequential quarter. Meanwhile, for commodity producers Antofagasta (ANTO), Southern Copper (SCCO), and Rio Tinto (RIO)(TRQ), commodity prices have a higher impact on earnings than shipments. In this article, we’ll see how commodity prices played out in 1Q18 amid the US-China trade war and how it could impact Freeport’s financial performance.

  • Can Freeport-McMoRan Beat Wall Street Revenue Estimates in 1Q18?
    Market Realist2 months ago

    Can Freeport-McMoRan Beat Wall Street Revenue Estimates in 1Q18?

    Freeport-McMoRan (FCX) is scheduled to release its 1Q18 earnings on April 24. In this article, we’ll see what analysts are projecting for Freeport’s 1Q18 revenues. Freeport managed to beat its revenue estimates by a wide margin in the last two consecutive quarters.

  • Uncertainties Surround Freeport’s Indonesia Operations
    Market Realist2 months ago

    Uncertainties Surround Freeport’s Indonesia Operations

    Freeport-McMoRan (FCX) operates the Grasberg mine in Indonesia (EIDO) with Rio Tinto (RIO) (TRQ) as a minority partner. While the mine is a crown jewel in Freeport’s portfolio due to its vast size and attractive unit cash costs, its operations have been surrounded by uncertainties. Let’s discuss these uncertainties in perspective.

  • Analysts Weigh In on First Quantum amid Large Zambian Tax Demand
    Market Realist2 months ago

    Analysts Weigh In on First Quantum amid Large Zambian Tax Demand

    How Analysts View Copper Miners amid Sagging Commodity Prices

  • Copper Inventory Games: Not This Time Please!
    Market Realist2 months ago

    Copper Inventory Games: Not This Time Please!

    While inventory levels are a key price driver, offering insights into the underlying demand-supply balance, we’ve also seen sudden arrivals to and withdrawals from LME (London Metal Exchange) warehouses. The LME copper inventory fell from 301,000 on August 3 to 211,000 on September 8, 2017. Looking at current markets, we’ve again seen a sudden spike in the LME copper inventory.

  • What Are Freeport-McMoRan’s Long-Term Growth Drivers?
    Market Realist3 months ago

    What Are Freeport-McMoRan’s Long-Term Growth Drivers?

    What Could Sustain Freeport’s Rally? In the previous article, we looked at issues facing Freeport-McMoRan’s (FCX) Grasberg operations and compared the stock’s valuation to its peer companies. Notably, Grasberg is a key long-term asset for the company.

  • Freeport in Indonesia: Best-Case and Worst-Case Scenarios
    Market Realist3 months ago

    Freeport in Indonesia: Best-Case and Worst-Case Scenarios

    What Could Sustain Freeport’s Rally?

  • Associated Press3 months ago

    Turquoise Hill posts 4Q profit

    The Vancouver, British Columbia-based company said it had profit of 3 cents per share. The metal and coal mining company posted revenue of $251.7 million in the period. For the year, the company reported ...

  • Reuters - UK Focus4 months ago

    Mongolia's Oyu Tolgoi mine to lift force majeure

    The Oyu Tolgoi copper and gold mine in Mongolia's southern Gobi Desert will lift force majeure effective March 1 and majority owner Turquoise Hill Resources Ltd said on Wednesday that it expected to make ...

  • What Makes Grasberg the Crown Jewel of Freeport’s Portfolio
    Market Realist4 months ago

    What Makes Grasberg the Crown Jewel of Freeport’s Portfolio

    As we noted in the previous part of this series, Freeport-McMoRan (FCX) expects its unit cash costs to fall in 2018, largely due to lower production costs at its Grasberg mine (RIO)(TRQ). Freeport expects a byproduct credit of $2.56 per pound at its Grasberg mine this year, bringing down the mine’s unit cash costs after byproduct credits to -$0.57 per pound. To put this figure in context, consider that the company’s unit cash costs after byproduct credits are expected to average $1.67 per pound in North America and $1.63 per pound in South America.

  • Reuters - UK Focus4 months ago

    Mongolia says can build power plant to supply Oyu Tolgoi mine

    Mongolia can build a power plant at its Tavan Tolgoi coal mine by 2021 to supply the Oyu Tolgoi copper project, energy officials said on Tuesday, as the government seeks to hold Rio Tinto to an agreement to use Mongolian power. Tensions have mounted between the Mongolian government and its fellow shareholders in Oyu Tolgoi, where Rio Tinto is operating a huge underground extension.

  • After Dividend Reinstatement, What’s Freeport’s Next Priority?
    Market Realist4 months ago

    After Dividend Reinstatement, What’s Freeport’s Next Priority?

    As we noted previously, Freeport-McMoRan (FCX) has reinstated its dividend, which was suspended in 2015. In this article, we’ll see what could be Freeport’s management’s next priority after dividend reinstatement. During the 4Q17 earnings call, Richard Adkerson, Freeport’s CEO, said that that he has two personal milestones: “One is when Freeport starts paying dividends again and two is when I can take a group of analysts and shareholders back out to Grasberg to see the place.” While dividend reinstatement was more of a policy decision, Grasberg represents a more complex problem for Freeport.

  • Reuters5 months ago

    Rio Tinto denies Dutch NGO allegation it avoided Oyu Tolgoi tax

    Rio Tinto (RIO.AX) (RIO.L) on Wednesday denied allegations by a Dutch non-profit organisation that it had avoided paying $700 million of tax to Mongolian and Canadian authorities relating to its giant Oyu Tolgoi copper project. Rio Tinto is investing about a $1 billion (£706.5 million) a year at Oyu Tolgoi in the Gobi Desert, where it operates a mine and is building an underground extension that would add approximately 500,000 tonnes of production a year in the next decade. The Centre for Research on Multinational Corporations, known as SOMO, alleged in a report that Rio and its Canadian subsidiary Turquoise Hill used so-called mailbox companies in the Netherlands and Luxembourg to avoid $470 million in Canadian taxes and $230 million in Mongolian taxes.

  • Reuters - UK Focus5 months ago

    Rio Tinto denies Dutch NGO allegation it avoided Oyu Tolgoi tax

    Rio Tinto on Wednesday denied allegations by a Dutch non-profit organisation that it had avoided paying $700 million of tax to Mongolian and Canadian authorities relating to its giant Oyu Tolgoi copper project. Rio Tinto is investing about a $1 billion a year at Oyu Tolgoi in the Gobi Desert, where it operates a mine and is building an underground extension that would add approximately 500,000 tonnes of production a year in the next decade.

  • What’s the Best Outcome for Freeport in Indonesia?
    Market Realist5 months ago

    What’s the Best Outcome for Freeport in Indonesia?

    Freeport-McMoRan (FCX) operates the giant Grasberg mine in Indonesia. Rio Tinto (RIO) (TRQ) is Freeport’s minority partner in the mine (GLEN-L). The operations have been surrounded by controversies in the last few years.

  • Are Analysts’ Estimates for Freeport’s Revenues Conservative?
    Market Realist5 months ago

    Are Analysts’ Estimates for Freeport’s Revenues Conservative?

    Can Freeport’s 4Q17 Earnings Keep Investor Optimism Alive?

  • Why Analysts’ Optimism for Vale SA Has Increased in Recent Months
    Market Realist5 months ago

    Why Analysts’ Optimism for Vale SA Has Increased in Recent Months

    Among the miners we’re discussing in this series, Vale SA (VALE) has the highest percentage of “buy” ratings at 65.2%. Many factors have contributed to the positive shift in the overall sentiment for Vale. The stock’s target price has risen 71% in the last year due to the positive turnaround of the company’s fundamentals. Vale’s peers (XME) Rio Tinto (RIO) (TRQ) and BHP Billiton (BHP) haven’t seen such growth in their target prices.

  • Why Analysts Expect a Strong Pickup in Rio Tinto’s Margins
    Market Realist5 months ago

    Why Analysts Expect a Strong Pickup in Rio Tinto’s Margins

    Rio Tinto (RIO) (TRQ) stock returned a positive 37.6% in 2017. As we noted earlier in this series, some of the positives have now become so obvious that analysts have downgraded Rio, saying that these positives have already been priced in to its stock. Let’s take a look at the company’s revenue and earnings estimates.

  • Could Freeport-McMoRan Reinstate Its Dividend in 2018?
    Market Realist5 months ago

    Could Freeport-McMoRan Reinstate Its Dividend in 2018?

    Freeport-McMoRan’s 2018 Outlook: Can It Continue Its Dream Run? Freeport-McMoRan (FCX) has managed to cut its net debt by more than half over the last two years. Freeport used its organic cash flows to strengthen its balance sheet.

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