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General information

Country: CANADA

Sector: Copper

Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. The company explores for copper, gold, and silver deposits. It primarily develops and operates the Oyu Tolgoi 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. Turquoise Hill Resources Ltd. was founded in 1994 and is headquartered in Montreal, Canada. Turquoise Hill Resources Ltd. is a subsidiary of Rio Tinto plc.
  • Current market environment: positive. Prices of production are 1.8% higher compared to the last 12 months (LTM)
  • Prices of production are at 64.5% percentile over the past 5 years, adjusted for inflation
  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield -34.6% (LTM), projected -35.1%
  • Share price is 705.4% higher than minimum and 2.0% lower than maximum for the last 3 years
  • The company is overvalued by EV / LTM EBITDA multiple compared to target level (15.5x vs
  • The company is overvalued by EV / projected EBITDA multiple compared to target level (

Key Financials (Download financials)

Ticker: TRQ
Share price, USD:  (0.0%)31.41
year average price 29.37  

year start price 30.60 2022-04-02

min close price 21.63 2022-08-22

max close price 32.05 2022-09-08

current price 31.41 2023-04-01
Common stocks: 201 231 008

Dividend Yield:  0.0%
FCF Yield LTM / expected: -34.6% / -35.1%
EV / LTM EBITDA: 15.5x
EV / EBITDA annualized: 27.3x
Production prices change from LTM: 1.8%
EV / projected EBITDA:
Target EV / EBITDA (hist percentile):
Express share price potential:
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 6 321
Net Debt ($m): 4 495
EV (Enterprise Value): 10 816
EBITDA LTM ($m): 697
EV / LTM EBITDA: 15.5x
Price to Book: 0.7x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF / Free Cash Flow ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / LTM EBITDA and 75% percentile

Potential dynamics



Rio Tinto completes $3.1 billion acquisition of Turquoise Hill


Turquoise Hill's Friday vote on Rio Tinto takeover bid is hard to call

2022-11-10Business Wire

Turquoise Hill to Announce Third Quarter Financial Results on November 14, 2022


7 Copper Stocks to Buy Now Before Prices Boom

2022-09-06Seeking Alpha

Turquoise Hill: Rio Tinto Deal Seems Likely To Close, Spread Remains Wide

2022-09-06Proactive Investors

Rio Tinto enters definitive agreement to acquire full ownership of Turquoise Hill

2022-09-01The Motley Fool

Why Turquoise Hill Stock Surged Today


Rio Tinto buys the remaining Turquoise Hill shares


Rio Tinto agrees to $3.3 billion deal for rest of Turquoise Hill

2022-08-24The Motley Fool

Why Turquoise Hill Resources Stock Popped 25% This Morning
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