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Last $3.02 USD
Change Today +0.01 / 0.33%
Volume 1.9M
TRQ On Other Exchanges
Symbol
Exchange
New York
Toronto
Frankfurt
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

turquoise hill resources ltd (TRQ) Snapshot

Open
$3.01
Previous Close
$3.01
Day High
$3.05
Day Low
$2.93
52 Week High
09/15/14 - $4.11
52 Week Low
01/14/15 - $2.65
Market Cap
6.1B
Average Volume 10 Days
2.2M
EPS TTM
--
Shares Outstanding
2.0B
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for TURQUOISE HILL RESOURCES LTD (TRQ)

turquoise hill resources ltd (TRQ) Related Businessweek News

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turquoise hill resources ltd (TRQ) Details

Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. Its principal material mineral resource property is the Oyu Tolgoi copper-gold mine located in the southern Mongolia. The company was formerly known as Ivanhoe Mines Ltd. and changed its name to Turquoise Hill Resources Ltd. in August 2012. The company was founded in 1994 and is headquartered in Vancouver, Canada. Turquoise Hill Resources Ltd. is a subsidiary of Rio Tinto International Holdings Limited.

2,897 Employees
Last Reported Date: 03/24/15
Founded in 1994

turquoise hill resources ltd (TRQ) Top Compensated Officers

Chief Executive Officer, Non Independent Dire...
Total Annual Compensation: $25.0K
Chief Financial Officer
Total Annual Compensation: $157.5K
Senior Vice President of Operations and Techn...
Total Annual Compensation: $296.2K
Compensation as of Fiscal Year 2014.

turquoise hill resources ltd (TRQ) Key Developments

Turquoise Hill Resources Ltd. Reports Earnings and Production Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Production and Capital Expenditure Guidance for 2015

Turquoise Hill Resources Ltd. reported earnings and production results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net income from continuing operations attributable to parent of $118.8 million or $0.06 per diluted share on total revenue of $634.1 million compared to net income from continuing operations attributable to parent of $242.2 million or $0.19 per diluted share on total revenue of $51.5 million for the same period of last year. Net income attributable to parent was $111.3 million or $0.07 per diluted share compared to net income attributable to parent was $138.4 million or $0.11 per diluted share for the same period of last year. For the year, the company recorded net income of $31.8 million or $0.02 per share, with losses including charges for impairment relating to SouthGobi partly offsetting Oyu Tolgoi's results. Net income from continuing operations was $141.0 million or $0.07 per share, 44% higher than in 2013. The increase follows the first full year of operations at Oyu Tolgoi, delivering gross margin of $372.1 million, or 22.6% of revenue, combined with reduction in general and administrative expenditure. Operating cash flows from continuing operations were $671.6 million in 2014 as Oyu Tolgoi achieved a full year of sales and reduced inventory levels, generating Turquoise Hill's first positive annual operating cash flow of $658.3 million. Additions to property, plant and equipment were $87.7 million in the year. For the fourth quarter, the company reported open pit material mined of 21,956,000 tonnes compared to 18,944,000 tonnes a year ago. Ore treated was 7,835,000 tonnes compared to 7,505,000 tonnes a year ago. Concentrates produced was 129,500 tonnes compared to 186,700 tonnes a year ago. Production of copper in concentrates was 32,900 tonnes compared to 50,300 tonnes a year ago. Production of gold in concentrates was 74,000 tonnes compared to 278,000 tonnes a year ago. Production of silver in concentrates was 208,000 tonnes compared to 286,000 tonnes a year ago. For the full year, the company reported open pit material mined of 76,919,000 tonnes compared to 72,032,000 tonnes a year ago. Ore treated was 27,872,000 tonnes compared to 20,317,000 tonnes a year ago. Concentrates produced was 563,600 tonnes compared to 290,000 tonnes a year ago. Production of copper in concentrates was 148,400 tonnes compared to 76,700 tonnes a year ago. Production of gold in concentrates was 589,000 tonnes compared to 157,000 tonnes a year ago. Production of silver in concentrates was 893,000 tonnes compared to 489,000 tonnes a year ago. Based on the current mine schedule, the company is expected to produce 175,000 to 195,000 tonnes of copper and 600,000 to 700,000 ounces of gold in concentrates in 2015. Production from the high-grade core of the southwest zone is expected to recommence in mid-2015. The company expects production distribution to be relatively similar to 2014 with production levels significantly higher in the second half of 2015. The company expects capital expenditure of $230 million in 2015. The company expects another strong year of cash flow generation in 2015.

Turquoise Hill Resources Ltd. to Report Q4, 2014 Results on Mar 24, 2015

Turquoise Hill Resources Ltd. announced that they will report Q4, 2014 results After-Market on Mar 24, 2015

Turquoise Hill Resources Ltd., Q4 2014 Earnings Call, Mar 25, 2015

Turquoise Hill Resources Ltd., Q4 2014 Earnings Call, Mar 25, 2015

 

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TRQ

Industry Average

Valuation TRQ Industry Range
Price/Earnings 26.6x
Price/Sales 3.7x
Price/Book 0.7x
Price/Cash Flow 148.7x
TEV/Sales 3.5x
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