Turquoise Hill Resources Ltd.

NYSE:TRQ Stock Report

Market Cap: US$6.3b

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Turquoise Hill Resources Management

Management criteria checks 4/4

Key information

Steve Thibeault

Chief executive officer

US$1.1m

Total compensation

CEO salary percentage35.3%
CEO tenure1.8yrs
CEO ownershipn/a
Management average tenure3.6yrs
Board average tenure5yrs

Recent management updates

Recent updates

Turquoise Hill: Successful Coup For Rio Tinto

Feb 20

Turquoise Hill Resources Q3 2022 Earnings Preview

Nov 11

Turquoise Hill vote on sale to Rio Tinto postponed for a week

Nov 01

Turquoise Hill Resources gains as holder Pentwater buys more shares amid Rio Tinto deal

Oct 26

Turquoise Hill reports Q3 copper production of 36.3K tons, down 13% Y/Y; reaffirms FY22 copper production guidance

Oct 18

Turquoise Hill receives interim court order for proposed arrangement with Rio Tinto

Sep 30

Rio Tinto to acquire remainder of Turquoise Hill Resources

Sep 06

Turquoise Hill Resources GAAP EPS of $0.41 beats by $0.09, revenue of $402M beats by $1.4M

Aug 04

Turquoise Hill Resources Ltd.: Investors Upbeat Before Takeover

May 19

Turquoise Hill's Copper Mine Ramping Toward Higher Cash Flow

Feb 04

Turquoise Hill Resources: Wait For A Better Entry

Oct 20

Turquoise Hill: A Look At Q2 2021 Results

Aug 03

Turquoise Hill: Q2 Will Look Ugly

Jul 16

Turquoise Hill: Thoughts On The Recent Update

Apr 21

Turquoise Hill gets temporary relief in Rio Tinto arbitration

Feb 04

Turquoise Hill -23% as Mongolia warns on Oyu Tolgoi project viability

Jan 11

Turquoise Hill considers gold streaming, debt funding for Oyu Tolgoi mine

Dec 23

Turquoise Hill - Find Another Way To Play Copper

Dec 13

Turquoise Hill says Odey's letter contains funding plan misinformation

Nov 27

Turquiose Hill Resources EPS beats by $0.49, misses on revenue

Nov 13

Turquoise Hill launches arbitration with Rio Tinto on Oyu Tolgoi funding

Nov 05

CEO Compensation Analysis

How has Steve Thibeault's remuneration changed compared to Turquoise Hill Resources's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2022n/an/a

US$534m

Jun 30 2022n/an/a

US$543m

Mar 31 2022n/an/a

US$563m

Dec 31 2021US$1mUS$390k

US$525m

Sep 30 2021n/an/a

US$555m

Jun 30 2021n/an/a

US$628m

Mar 31 2021n/an/a

US$598m

Dec 31 2020n/an/a

US$406m

Sep 30 2020n/an/a

US$359m

Jun 30 2020n/an/a

US$303m

Mar 31 2020n/an/a

-US$217m

Dec 31 2019n/an/a

-US$150m

Sep 30 2019n/an/a

-US$163m

Jun 30 2019n/an/a

-US$181m

Mar 31 2019n/an/a

US$437m

Dec 31 2018n/an/a

US$411m

Sep 30 2018n/an/a

US$361m

Jun 30 2018n/an/a

US$373m

Mar 31 2018n/an/a

US$226m

Dec 31 2017US$442kUS$110k

US$181m

Sep 30 2017n/an/a

US$223m

Jun 30 2017n/an/a

US$127m

Mar 31 2017n/an/a

US$133m

Dec 31 2016US$543kUS$275k

US$211m

Sep 30 2016n/an/a

US$297m

Jun 30 2016n/an/a

US$372m

Mar 31 2016n/an/a

US$394m

Dec 31 2015US$574kUS$275k

US$311m

Compensation vs Market: Steve's total compensation ($USD1.10M) is below average for companies of similar size in the US market ($USD8.47M).

Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.

CEO

Steve Thibeault (63 yo)

1.8yrs

Tenure

US$1,104,594

Compensation

Mr. Steve Thibeault, BA (Acc), CMA, serves as Interim Chief Executive Officer at Turquoise Hill Resources Limited since March 3, 2021 and has been its Non-Independent Director since March 3, 2021. Mr. Thib...

Leadership Team

NamePositionTenureCompensationOwnership
Steve Thibeault
Interim CEO & Non-Independent Director1.8yrsUS$1.10mno data
Luke Colton
Chief Financial Officer5.2yrsUS$847.93k0.0022%
$ 140.9k
Jo-Anne Dudley
Chief Operating Officer3.5yrsUS$780.91k0.00094%
$ 59.4k
Dustin Isaacs
Chief Legal Officer & Corporate Secretary9.9yrsUS$706.22kno data
Roy McDowall
Vice President of Investor Relations & Communications3.6yrsno datano data

3.6yrs

Average Tenure

Experienced Management: TRQ's management team is considered experienced (3.6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Steve Thibeault
Interim CEO & Non-Independent Director1.8yrsUS$1.10mno data
R. Gillin
Independent Chairman of the Board10.6yrsUS$670.60k0.0065%
$ 408.3k
Ian Plimer
Director of Ivanhoe Australia10.7yrsno datano data
George Burns
Independent Director2.9yrsUS$426.64kno data
Russel Robertson
Independent Director10.5yrsUS$502.16kno data
Caroline Donally
Independent Directorless than a yearno datano data
Maryse Saint-Laurent
Independent Director5.9yrsUS$387.10k0.0015%
$ 96.7k
Stephen Jones
Non-Independent Director5yrsUS$132.86kno data
Alfred Grigg
Non-Independent Director2.3yrsUS$112.29kno data

5.0yrs

Average Tenure

62.5yo

Average Age

Experienced Board: TRQ's board of directors are considered experienced (5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2022/12/17 04:06
End of Day Share Price 2022/12/15 00:00
Earnings2022/09/30
Annual Earnings2021/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Turquoise Hill Resources Ltd. is covered by 18 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John HayesBMO Capital Markets Equity Research
Tony RobsonBMO Capital Markets Equity Research
Oscar CabreraBofA Global Research