|Bid||16.90 x 800|
|Ask||17.25 x 800|
|Day's range||16.90 - 17.26|
|52-week range||9.75 - 21.89|
|Beta (5Y monthly)||1.78|
|PE ratio (TTM)||6.47|
|Earnings date||07 Mar 2022 - 11 Mar 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||17.40|
NAPLES, Fla., January 13, 2022--On January 6, 2022, Pentwater Capital Management LP ("Pentwater"), the largest minority shareholder of Turquoise Hill Resources Ltd. ("Turquoise Hill") (TSX:TRQ) (NYSE:TRQ), sent the following letter to Ngaire Woods, member of the Board of the Directors of Rio Tinto plc ("Rio Tinto" or "Rio") (LSE:RIO), outlining continued corporate governance failures at Rio Tinto. On January 7, 2022, Rio Tinto's attorney responded that neither Ms. Woods nor any other Rio Tinto b
This copper company is glittering brightly in investors' eyes thanks to some help from its partner.
Rio Tinto ADRs (NYSE:RIO) were trading 1.2% higher in Monday's premarket but underperforming other big miners after agreeing to write off a $2.3 billion loan to the Mongolian government as part of its plans to accelerate work on the Oyu Tolgoi copper and gold project. Oyu Tolgoi is one of the largest deposits of copper in the world. Its proximity to the Chinese market, which accounts for over half of global copper consumption, gives the project a particular appeal, given China's status as the world's largest electric vehicle market. The Mongolian government owns 34% of the project company, with the rest held by Turquoise Hill Resources (NYSE:TRQ).