|Bid||0.6119 x 3200|
|Ask||0.6140 x 900|
|Day's Range||0.6000 - 0.6368|
|52 Week Range||0.5800 - 2.9500|
|Beta (3Y Monthly)||0.74|
|PE Ratio (TTM)||2.81|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The copper and gold miner reported solid second-quarter 2019 production results, but announced mounting challenges at an important growth asset.
Canada's main stock index edged lower on Tuesday, as a steep fall in the shares of miner Turquoise Hill Resources and lower gold prices pressured the materials sector. * At 9:49 a.m. ET (13:49 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 17.71 points, or 0.11%, at 16,493.11. * Shares in Turquoise Hill slumped 38.9%, the most on the TSX, after the miner said development capital spending for the Oyu Tolgoi mine in Mongolia, that it partly owns, may exceed previous outlook.
Rio Tinto has warned of further delays and a cost blowout of up to $1.9bn at its giant underground copper project in Mongolia’s Gobi desert. As a result, first sustainable production is now expected between May 2022 and June 2023 — a delay of 16 to 30 months compared with original guidance — while the cost of the $5.3bn project will increase by $1.2bn-$1.9bn.
On a per-share basis, the Vancouver, British Columbia-based company said it had net income of 6 cents. The metal and coal mining company posted revenue of $352.7 million in the period. In the final minutes ...
A large proportion of the minority shareholders in Rio Tinto Plc-controlled Turquoise Hill Resources voted against the re-election of the company's independent directors on Tuesday. While all seven directors were re-elected to the board, according to a Turquoise Hill filing, over 40% of Turquoise Hill's minority shareholders, including its second-biggest investor, Sailingstone Capital Partners, voted against the four independent directors.
On a per-share basis, the Vancouver, British Columbia-based company said it had profit of 5 cents. The metal and coal mining company posted revenue of $346.2 million in the period. For the year, the company ...
Hedge fund Odey Asset Management has launched a new commodities fund which, according to the Financial Times, has taken a short position in Rio Tinto's giant Oyu Tolgoi copper mine in Mongolia. The Odey Concentrated Natural Resources Fund, which launched on March 1, will invest in the commodity sector, using both long and short positions in a range of asset classes, but mostly equities, according to Odey's website. A spokeswoman for Odey declined to provide details, but the Financial Times reported the largest short position of the fund was in Turquoise Hill Resources, the Canadian firm that partly owns Oyu Tolgoi.
Turquoise Hill Resources Ltd NYSE:TRQView full report here! Summary * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for TRQ with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting TRQ. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold TRQ had net inflows of $1.55 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year, but is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
On a per-share basis, the Vancouver, British Columbia-based company said it had net income of 3 cents. The metal and coal mining company posted revenue of $246.5 million in the period. The company's shares ...
As of this writing, $5 trillion was wiped from stocks and bonds in October, the S&P 500 fell 7%, the Nasdaq sank 9%, and all gains for the Dow in 2018 were wiped out. To offset any capital gains from winning stocks, some investors may sell their losing investments in order to pay less total tax. Of course, it doesn’t help that we've just seen a near complete industry-wide capitulation across the precious metals complex (which happened even despite rising commodity prices).
This all-new Penny Stocks to Watch for October brings a broad mix of companies involved in industries as diverse as mining, financial services, industrial products and online gaming. A penny stock is generally defined as a stock that has a low share price and small market capitalization.
A look at the shareholders of Turquoise Hill Resources Ltd (TSE:TRQ) can tell us which group is most powerful. Insiders often own a large chunk of younger, smaller, companies whileRead More...