This company listing is no longer active
Turquoise Hill Resources (TRQ) Aandelenoverzicht
Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. Meer informatie
| Sneeuwvlok Score | |
|---|---|
| Waardering | 4/6 |
| Toekomstige groei | 5/6 |
| Prestaties in het verleden | 3/6 |
| Financiële gezondheid | 2/6 |
| Dividenden | 0/6 |
TRQ Community Fair Values
See what others think this stock is worth. Follow their fair value or set your own to get alerts.
Turquoise Hill Resources Ltd. Concurrenten
Prijsgeschiedenis en prestaties
| Historische aandelenkoersen | |
|---|---|
| Huidige aandelenkoers | CA$31.41 |
| 52 Week Hoogtepunt | CA$32.09 |
| 52 Week Laag | CA$14.32 |
| Bèta | 1.55 |
| 1 maand verandering | 1.39% |
| 3 maanden verandering | 4.04% |
| 1 Jaar Verandering | 109.68% |
| 3 jaar verandering | 339.85% |
| 5 jaar verandering | -5.68% |
| Verandering sinds IPO | -67.08% |
Recent nieuws en updates
Turquoise Hill: Successful Coup For Rio Tinto
Summary Turquoise Hill recently received a $3.3B takeover offer from Rio Tinto. The company's vast copper-producing Mongolian asset, Oyu Tolgoi is at the heart of the Australian miner's sustainability strategy. This strategic corporate asset grab has been lucrative for Turquoise Hill shareholders. What this means for Shareholders? On 6 September, 2022 - Rio Tinto (RIO) entered into a definitive agreement to acquire Turquoise Hill (TRQ). The offer at C$43 represents a 67% premium to the Canadian miner's closing price of $25.68 on 11 March,2022. It provides for a solid capital gain for equity holders. This article explores further the strategic move for Turquoise Hill and its underlying importance in Rio Tinto's future copper portfolio. General Overview Boom time for copper means a pursuit for dependable long-life assets has been a detailed talking point for boardrooms from London to Melbourne. Global copper consumption has accelerated with consumer goods such as electric vehicles, mobile phones, laptops, and homes all requiring substantial quantities. According to the United States Geological Survey, the Americas dominate the world's 21m tons produced annually with the region home to 15 of the largest copper mines globally. Included conspicuously in that list is Chile's vast copper belt - its production, with Escondida and Collahuasi mines at the forefront, equates to almost a quarter of total output. Trading Economics Copper prices continue to bounce back following price moderation driven by China induced lockdowns. BHP's (BHP) 66% stake in the gargantuan Escondida property, combined with copper's increasing significance as a battery mineral, assured Rio Tinto would make a strategic play to bolster its copper portfolio. That was recently achieved with the acquisition of Turquoise Hill. The Montreal, Quebec based miner had until recently a 66% stake in the plentiful Oyu Tolgoi Copper Gold mine in Southern Mongolia. In a savvy tactical gambit, the Australian mining giant made a $3.3B bid to buy all outstanding shares and place it firmly among the who-is-who of copper mining behemoths. It was a risky coup that ultimately put paid to a lengthy acrimonious board room battle while providing Rio Tinto CEO Jakob Stausholm a corporate victory lap focused on rekindling a damaged relationship with the Mongolian government. In one foul swoop, Rio Tinto's new asset has thrust it to the forefront of global sustainability. Let's find out more about Turquoise Hill and its prized Oyu Tolgoi asset. Visual Capitalist Chile dominates global copper production. Takeover by Rio Tinto Rio Tinto's takeover bid for Turquoise Hill, a calculated play for its prolific Mongolian copper producing asset, was finalized in December 2022. In exchange for control of the vast copper and gold producing tenement, Rio Tinto forked out $3.3B from cash reserves allowing it control (66% direct interest) with the Government of Mongolia (34%) making up the remainder. For the deal to be finalized, extensive due diligence had to be completed, both by the Yukon court in Canada and Turquoise Hill shareholders. The final transaction represented a 67% premium on closing price of Turquoise Hill one day prior to the Australian mining giant's public non-binding proposal to acquire the Canadian firm. Oyu Tolgoi is an outstanding asset with incredible people that will deliver significant long-term value for Rio Tinto and Mongolia Rio Tinto Chief Executive - Jakob Stausholm. The acquisition was challenging as Rio Tinto had to raise its offer for the company twice to appease hawkish Turquoise Hill equity holders. The two largest minority shareholders, SailingStone Capital and Pentwater Capital, had been vocal proponents of the deal citing a low-ball valuation. At one stage, Pentwater Capital had been the instigator of a class action lawsuit claiming the Australian miner had failed to inform investors of blow-out costs and schedule creep linked to the ongoing development of shaft 2. With almost 40,000 bolts and approximately 95% of steel in the shaft's headframe requiring rework, cost overruns ultimately hampered underground copper production, delaying the project by 16 to 30 months, and culminating in $1.2B to $1.9B of excess cost. With the takeover now finalized, Rio Tinto can fully focus on unleashing the mine's vast copper producing asset. Oyu Tolgoi Asset The Oyu Tolgoi gold & copper mine is a combined open pit and underground operation showcasing some of the world's largest proven reserves. Originally discovered in 2001, the operation is located in the South Gobi region of Mongolia, where initial open pit works commenced in 2011 along with development of the copper concentrator. Life of mine is presently in the decades and the operation's output will meaningfully impact Mongolian gross domestic product for years to come. Underground operations were developed only recently, with the Australian mining giant pouring roughly $5B in the extension project to produce an additional 500,000 tons annually.Turquoise Hill Resources Q3 2022 Earnings Preview
Turquoise Hill Resources (NYSE:TRQ) is scheduled to announce Q3 earnings results on Monday, November 14th, before market open. The consensus EPS Estimate is $0.14 (-17.6% Y/Y) and the consensus Revenue Estimate is $299.88M (-51.8% Y/Y). Over the last 3 months, EPS estimates have seen 2 upward revisions and 1 downward. Revenue estimates have seen 1 upward revision and 1 downward.Turquoise Hill vote on sale to Rio Tinto postponed for a week
Turuoise Hill's (NYSE:TRQ) holder vote on its planned sale to Rio Tinto (NYSE:RIO) has been postponed for a week. Turquoise Hill rose 6.2%. The meeting, which was scheduled for Tuesday morning, has now been postponed until next Tuesday, according to a statement. In September, Rio Tinto (RIO) offered to acquire the ~49% of Turquoise Hill (TRQ) shares that Rio and its affiliates do not already own for C$43/share. Last month influential proxy adviser ISS said Turquoise Hill (TRQ) holders should vote to reject the deal as takeover offer undervalues the company. The recommendation came after rival proxy adviser Glass Lewis said holders should vote in favor of the deal.Turquoise Hill Resources gains as holder Pentwater buys more shares amid Rio Tinto deal
Turquoise Hill Resources (NYSE:TRQ) rose 7.3% as holder Pentwater Capital purchased more shares ahead of a vote in the Rio Tinto (NYSE:RIO) deal next week. The Pentwater purchases comes as the hedge fund has been publicly opposed to the deal for Turquoise Hill (TRQ) even as Rio Tinto (RIO) has said it won't raise its bid for the miner. Pentwater appears to hold around 23.3 million shares after its latest purchase. Pentwater is the largest TRQ holder after Rio Tinto. On Friday influential proxy adviser ISS said Turquoise Hill (TRQ) holders should vote to reject the deal as takeover offer undervalues the company. The recommendation came after rival proxy adviser Glass Lewis said holders should vote in favor of the deal. Last month, Rio Tinto (RIO) offered to acquire the ~49% of Turquoise Hill (TRQ) shares that Rio and its affiliates do not already own for C$43/share. Rio Tinto warned on Tuesday it its proposal is not accepted Rio (RIO) said Turquoise Hill (TRQ) would need to contribute at least $1.1B in H1 2023 in the form of new equity through placings or rights issues, or potentially face dilution.Turquoise Hill reports Q3 copper production of 36.3K tons, down 13% Y/Y; reaffirms FY22 copper production guidance
Turquoise Hill (NYSE:TRQ) reported Q3 production of 36.3K metric tons of copper in concentrate, down 13% Y/Y and up 19% Q/Q, while gold production of 42.7K oz fell 67% Y/Y and 10% Q/Q. Turquoise Hill maintains full-year copper production guidance of 110K-150K metric tons while raising 2022 gold output guidance to 165K-185K oz from 150K-170K oz. Capital expenditures on the underground project are now expected to be $1.0B to $1.1B for 2022 compared to previous guidance of $1.1B to $1.3B. Total operating cash costs for 2022 are now expected to be in the range of $855M to $910M compared to previous guidance of $850M to $925M. Mill throughput of 10.68M tonnes in Q3’22 was 14% higher than Q3’21 and 10% higher than Q2’22, which is in line with expectations due to higher mill availability. During Q3’22, the combined open pit and underground operations produced 36.3K tonnes of copper in concentrate and 42.7K ounces of gold in concentrate, in-line with expectations. Study work for Panels 1 and 2, which are required to support the ramp-up to 95,000 tonnes of ore per day, remains on track from completion in H1’23.Recent updates
Rendement voor aandeelhouders
| TRQ | US Metals and Mining | US Markt | |
|---|---|---|---|
| 7D | -0.2% | 0.2% | 1.0% |
| 1Y | 109.7% | 85.2% | 28.7% |
Rendement versus industrie: TRQ overtrof de US Metals and Mining industrie, die het afgelopen jaar een rendement 85.2 % opleverde.
Rendement versus markt: TRQ overtrof de US markt, die het afgelopen jaar een rendement opleverde van 28.7 %.
Prijsvolatiliteit
| TRQ volatility | |
|---|---|
| TRQ Average Weekly Movement | 3.7% |
| Metals and Mining Industry Average Movement | 9.9% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.4% |
| 10% least volatile stocks in US Market | 3.1% |
Stabiele aandelenkoers: TRQ heeft de afgelopen 3 maanden geen significante prijsvolatiliteit gekend vergeleken met de US markt.
Volatiliteit in de loop van de tijd: De wekelijkse volatiliteit ( 4% ) van TRQ is het afgelopen jaar stabiel geweest.
Over het bedrijf
| Opgericht | Werknemers | CEO | Website |
|---|---|---|---|
| 1994 | 3,478 | Steve Thibeault | turquoisehill.com |
Turquoise Hill Resources Ltd. Samenvatting
| TRQ fundamentele statistieken | |
|---|---|
| Marktkapitalisatie | US$6.32b |
| Inkomsten(TTM) | US$534.05m |
| Inkomsten(TTM) | US$1.65b |
Is TRQ overgewaardeerd?
Zie Reële waarde en waarderingsanalyseInkomsten en omzet
| TRQ resultatenrekening (TTM) | |
|---|---|
| Inkomsten | US$1.65b |
| Kosten van inkomsten | US$819.62m |
| Brutowinst | US$828.72m |
| Overige uitgaven | US$294.66m |
| Inkomsten | US$534.05m |
Laatst gerapporteerde inkomsten
Sep 30, 2022
Volgende inkomensdatum
n.v.t.
| Winst per aandeel (EPS) | 2.65 |
| Brutomarge | 50.28% |
| Nettowinstmarge | 32.40% |
| Schuld/Eigen Vermogen Verhouding | 42.5% |
Hoe presteerde TRQ op de lange termijn?
Bekijk historische prestaties en vergelijkingBedrijfsanalyse en status van financiële gegevens
| Gegevens | Laatst bijgewerkt (UTC-tijd) |
|---|---|
| Bedrijfsanalyse | 2022/12/17 15:47 |
| Aandelenkoers aan het einde van de dag | 2022/12/15 00:00 |
| Inkomsten | 2022/09/30 |
| Jaarlijkse inkomsten | 2021/12/31 |
Gegevensbronnen
De gegevens die gebruikt zijn in onze bedrijfsanalyse zijn afkomstig van S&P Global Market Intelligence LLC. De volgende gegevens worden gebruikt in ons analysemodel om dit rapport te genereren. De gegevens zijn genormaliseerd, waardoor er een vertraging kan optreden voordat de bron beschikbaar is.
| Pakket | Gegevens | Tijdframe | Voorbeeld Amerikaanse bron * |
|---|---|---|---|
| Financiële gegevens bedrijf | 10 jaar |
| |
| Consensus schattingen analisten | +3 jaar |
|
|
| Marktprijzen | 30 jaar |
| |
| Eigendom | 10 jaar |
| |
| Beheer | 10 jaar |
| |
| Belangrijkste ontwikkelingen | 10 jaar |
|
* Voorbeeld voor effecten uit de VS, voor niet-Amerikaanse effecten worden gelijkwaardige formulieren en bronnen gebruikt.
Tenzij anders vermeld zijn alle financiële gegevens gebaseerd op een jaarperiode, maar worden ze elk kwartaal bijgewerkt. Dit staat bekend als Trailing Twelve Month (TTM) of Last Twelve Month (LTM) gegevens. Meer informatie.
Analysemodel en Snowflake
Details van het analysemodel dat is gebruikt om dit rapport te genereren zijn beschikbaar op onze Github-pagina. We hebben ook handleidingen over hoe je onze rapporten kunt gebruiken en tutorials op YouTube.
Leer meer over het team van wereldklasse dat het Simply Wall St-analysemodel heeft ontworpen en gebouwd.
Industrie en sector
Onze industrie- en sectormetrics worden elke 6 uur berekend door Simply Wall St, details van ons proces zijn beschikbaar op Github.
Bronnen van analisten
Turquoise Hill Resources Ltd. wordt gevolgd door 12 analisten. 2 van deze analisten hebben de schattingen van de omzet of winst ingediend die zijn gebruikt als input voor ons rapport. Inzendingen van analisten worden de hele dag door bijgewerkt.
| Analist | Instelling |
|---|---|
| Tony Robson | BMO Capital Markets Equity Research |
| John Hayes | BMO Capital Markets Equity Research |
| Oscar Cabrera | BofA Global Research |