Turquoise Hill Resources Ltd. Ordinary Shares (TRQ) News
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Latest TRQ News From Around the Web
Below are the latest news stories about Turquoise Hill Resources Ltd that investors may wish to consider to help them evaluate TRQ as an investment opportunity.
Turquoise Hill Resources issued production guidance for its Oyu Tolgoi mine. The Canadian mining company said that the gold production in 2021 would be higher than in 2020. Turquoise Hill (TRQ) said that its Oyu Tolgoi mine is expected to produce 149,631 tonnes of copper in 2020, compared to the initial guidance range of 140,000 – 170,000 tonnes. It also expects 2020 gold production of 181,858 ounces, compared to the earlier guidance range of 120,000 – 150,000 ounces. As for 2021, the company estimates that the Oyu Tolgoi mine will produce copper in 160,000 to 180,000 tonnes and gold concentrates in 500,000 to 550,000 ounces.
Canaccord Genuity Stick to Their Hold Rating for Turquoise Hill Resources Ltd
Turquoise Hill Resources has objected to the brinkmanship of its biggest shareholder, Rio Tinto, which could bring the $8.4 billion Oyu Tolgoi project to a halt.
Turquoise Hill announces fourth quarter 2020 production, 2021 operational and financial guidance and provides an update on undercut criteria discussions
Turquoise Hill Resources Ltd. ("Turquoise Hill" or the "Company") today announced fourth quarter 2020 production for Oyu Tolgoi, as well as operational and financial guidance for 2021 and provided an update on undercut criteria discussions.
What is a Value Stock? A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued.The following stocks are considered to be notable value stocks in the basic materials sector: 1. Turquoise Hill Resources (NYSE:TRQ) - P/E: 6.6 2. FutureFuel (NYSE:FF) - P/E: 5.4 3. Tronox Holdings (NYSE:TROX) - P/E: 2.35 4. Verso (NYSE:VRS) - P/E: 3.36 5. Koppers Hldgs (NYSE:KOP) - P/E: 7.71Turquoise Hill Resources has reported Q3 earnings per share at 0.64, which has i...
RBC Capital Stick to Their Hold Rating for Turquoise Hill Resources Ltd
Turquoise Hill Resources ([[TRQ]] -23.3%) shares plummet to their lowest in a month after the miner says Mongolia's government is "dissatisfied" with the results of the Oyu Tolgoi definitive estimate, which was completed and delivered by Rio Tinto ([[RIO]] -3.3%) last month.Turquoise Hill says the government is concerned that the...
Shares of Turquoise Hill Resources (NYSE: TRQ) had tumbled more than 20% by 10:30 p.m. EST on Monday. Weighing on the mining stock was an update on tax arbitration, its discussions with the Government of Mongolia, and a proposed class action against the company. On Dec. 23, Turquoise Hill said that it had received a tax assessment from the Mongolian Tax Authority for $228 million in cash tax relating to an audit on taxes imposed on and paid by its Oyu Tolgoi mining subsidiary between 2016 and 2018.
The Government of Mongolia is considering terminating and replacing the development and financial plan for the Oyu Tolgoi copper mine in the country, Rio Tinto-controlled Turquoise Hill Resources said on Monday. The government has advised Rio Tinto it is dissatisfied with the miner's plans to achieve production from the Oyu Tolgoi copper mine in the country for development capital of $6.75 billion, Turquoise Hill Resources said. Oyu Tolgoi is one of the world's largest-known copper and gold deposits, located in the South Gobi region of Mongolia.
Turquoise Hill provides an update on the Tax Arbitration and discussions with the Government of Mongolia and Proposed Class Action
Turquoise Hill Resources Ltd. ("Turquoise Hill" or the "Company") today announced that Oyu Tolgoi LLC (Oyu Tolgoi) has evaluated the Tax Act ("2016-2018 Tax Assessment") claim for approximately US$228 million from the Mongolian Tax Authority (MTA), as announced on December 23, 2020, including the seeking of a reduction of Oyu Tolgoi's carried-forward tax losses by approximately US$1.5 billion.