Turquoise Stock Today

TRQ
 Stock
  

USD 31.18  0.30  0.95%   

Market Performance
0 of 100
Odds Of Distress
Less than 10
Turquoise Hill is selling at 31.18 as of the 5th of December 2022; that is -0.95 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 31.18. Turquoise Hill has less than a 10 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for Turquoise Hill Resources are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 15th of December 2020 and ending today, the 5th of December 2022. Click here to learn more.
CUSIP
900435108
Fiscal Year End
December
Business Domain
Materials
IPO Date
18th of November 2003
Category
Basic Materials
Classification
Materials
Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. Turquoise Hill Resources Ltd. operates as a subsidiary of Rio Tinto Group. Turquoise Hill operates under Copper classification in the United States and is traded on New York Stock Exchange. The company has 201.23 M outstanding shares of which 2 M shares are at this time shorted by investors with about 1.12 days to cover. More on Turquoise Hill Resources
Follow Valuation Options Odds of Bankruptcy
Check how we calculate scores

Turquoise Hill Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Turquoise Hill's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Turquoise Hill or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
The company has 3.79 B in debt with debt to equity (D/E) ratio of 0.43, which is OK given its current industry classification. Turquoise Hill Resources has a current ratio of 0.66, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Turquoise Hill until it has trouble settling it off, either with new capital or with free cash flow. So, Turquoise Hill's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Turquoise Hill Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Turquoise to invest in growth at high rates of return. When we think about Turquoise Hill's use of debt, we should always consider it together with cash and equity.
About 52.0% of Turquoise Hill outstanding shares are owned by corporate insiders
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Turquoise Hill's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Turquoise Hill's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
CEOSteve Thibeault
Thematic IdeaCopper (view all)
Fama & French Classification
Average Analyst Recommendation
Analysts covering Turquoise Hill report their recommendations after researching Turquoise Hill's financial statements, talking to executives and customers, or listening in on Turquoise Hill's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Turquoise Hill Resources. The Turquoise consensus assessment is calculated by taking the average forecast from all of the analysts covering Turquoise Hill.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Turquoise Hill Resources based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Turquoise Hill Resources financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
HealthyDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares DilutedB1.8 B
Significantly Up
Increasing
Slightly volatile
Weighted Average SharesB1.8 B
Significantly Up
Increasing
Slightly volatile
Return on Average Assets0.03690.0342
Significantly Up
Increasing
Slightly volatile
Net Cash Flow from Operations565.6 M524.2 M
Significantly Up
Increasing
Slightly volatile
Current Liabilities252.7 M246.2 M
Fairly Up
Decreasing
Slightly volatile
Total Liabilities579.6 M400 M
Way Up
Decreasing
Slightly volatile
Gross Margin0.50.46
Significantly Up
Increasing
Slightly volatile
Total Debt12.5 M12.2 M
Fairly Up
Decreasing
Slightly volatile
Asset Turnover0.190.18
Notably Up
Increasing
Slightly volatile
Current Assets1.7 B1.6 B
Significantly Up
Increasing
Slightly volatile
Total AssetsB7.4 B
Significantly Up
Increasing
Slightly volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Turquoise Hill's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong BuyOvervalued
Financial Strength
Turquoise Hill's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Turquoise Hill's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Turquoise Hill's financial leverage. It provides some insight into what part of Turquoise Hill's total assets is financed by creditors.
Share Download
Share Download
By using current balance sheet information, investors can analyze the liability, assets, and equity on Turquoise Hill's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Turquoise Hill deploys its capital and how much of that capital is borrowed.
Liquidity
Turquoise Hill cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 3.79 B in debt with debt to equity (D/E) ratio of 0.43, which is OK given its current industry classification. Turquoise Hill Resources has a current ratio of 0.66, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Turquoise Hill until it has trouble settling it off, either with new capital or with free cash flow. So, Turquoise Hill's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Turquoise Hill Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Turquoise to invest in growth at high rates of return. When we think about Turquoise Hill's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

565.62 Million
Turquoise Hill Resources (TRQ) is traded on New York Stock Exchange in USA and employs 3,478 people. Turquoise Hill is listed under Diversified Metals & Mining category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with total capitalization of 6.38 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Turquoise Hill's market, we take the total number of its shares issued and multiply it by Turquoise Hill's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Turquoise Hill Resources runs under Metals & Mining sector within Materials industry. The entity has 201.23 M outstanding shares of which 2 M shares are at this time shorted by investors with about 1.12 days to cover. Turquoise Hill Resources has about 592.55 M in cash with 576.09 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.53.
Check Turquoise Hill Probability Of Bankruptcy
Ownership
Turquoise Hill Resources shows a total of two hundred one million two hundred thirty-one thousand eight outstanding shares. Turquoise Hill Resources maintains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Please note that no matter how much assets the company owns, if the real value of the company is less than the current market value, you may not be able to make money on it.

Ownership Allocation (%)

Check Turquoise Ownership Details

Turquoise Stock Price Odds Analysis

Contingent on a normal probability distribution, the odds of Turquoise Hill jumping above the current price in 90 days from now is about 21.49%. The Turquoise Hill Resources probability density function shows the probability of Turquoise Hill stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Turquoise Hill has a beta of 0.214. This usually implies as returns on the market go up, Turquoise Hill average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Turquoise Hill Resources will be expected to be much smaller as well. Additionally, the company has an alpha of 0.2039, implying that it can generate a 0.2 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 31.18HorizonTargetOdds Above 31.18
78.28%90 days
 31.18 
21.49%
Based on a normal probability distribution, the odds of Turquoise Hill to move above the current price in 90 days from now is about 21.49 (This Turquoise Hill Resources probability density function shows the probability of Turquoise Stock to fall within a particular range of prices over 90 days) .

Turquoise Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Turquoise Hill that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Turquoise Hill's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Turquoise Hill's value.
InstituionSecurity TypeTotal SharesValue
Zurcher Kantonalbank Zurich CantonalbankCommon Shares11.3 K337 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares11.3 K303 K
View Turquoise Hill Diagnostics

Turquoise Hill Historical Income Statement

Turquoise Hill Resources Income Statement is one of the three primary financial statements used for reporting Turquoise's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Turquoise Hill Resources revenue and expense. Turquoise Hill Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Turquoise Hill Net Income Common Stock is very stable at the moment as compared to the past year. Turquoise Hill reported last year Net Income Common Stock of 281.97 Million. As of 5th of December 2022, Net Income to Non Controlling Interests is likely to grow to about 6 M, while Net Loss Income from Discontinued Operations is likely to drop (6.4 M). View More Fundamentals

Turquoise Stock Against Markets

Picking the right benchmark for Turquoise Hill stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Turquoise Hill stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Turquoise Hill is critical whether you are bullish or bearish towards Turquoise Hill Resources at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Turquoise Hill without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Turquoise Hill Corporate Directors

Turquoise Hill corporate directors refer to members of a Turquoise Hill board of directors. The board of directors generally takes responsibility for the Turquoise Hill's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Turquoise Hill's board members must vote for the resolution. The Turquoise Hill board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Stephen Jones - DirectorProfile
Rowena Albones - DirectorProfile
Peter Gillin - Independent DirectorProfile
Maryse SaintLaurent - Independent DirectorProfile

Invested in Turquoise Hill Resources?

The danger of trading Turquoise Hill Resources is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Turquoise Hill is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Turquoise Hill. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Turquoise Hill Resources is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additionally, take a look at World Market Map. You can also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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When running Turquoise Hill Resources price analysis, check to measure Turquoise Hill's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Turquoise Hill is operating at the current time. Most of Turquoise Hill's value examination focuses on studying past and present price action to predict the probability of Turquoise Hill's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Turquoise Hill's price. Additionally, you may evaluate how the addition of Turquoise Hill to your portfolios can decrease your overall portfolio volatility.
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Is Turquoise Hill's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Turquoise Hill. If investors know Turquoise will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Turquoise Hill listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.16) 
Market Capitalization
6.4 B
Quarterly Revenue Growth YOY
(0.41) 
Return On Assets
0.0225
Return On Equity
0.0746
The market value of Turquoise Hill Resources is measured differently than its book value, which is the value of Turquoise that is recorded on the company's balance sheet. Investors also form their own opinion of Turquoise Hill's value that differs from its market value or its book value, called intrinsic value, which is Turquoise Hill's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Turquoise Hill's market value can be influenced by many factors that don't directly affect Turquoise Hill's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Turquoise Hill's value and its price as these two are different measures arrived at by different means. Investors typically determine Turquoise Hill value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Turquoise Hill's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.