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How to buy Turquoise Hill Resources stock

Own Turquoise Hill Resources stock in just a few minutes.

Fact checked

Turquoise Hill Resources Ltd is a copper business based in the US. Turquoise Hill Resources shares (TRQ) are listed on the NYSE and all prices are listed in US Dollars. Turquoise Hill Resources employs 2,854 staff and has a trailing 12-month revenue of around USD$839.2 million.

How to buy shares in Turquoise Hill Resources

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Turquoise Hill Resources. Find the stock by name or ticker symbol: TRQ. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Turquoise Hill Resources reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Turquoise Hill Resources, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Turquoise Hill Resources. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Turquoise Hill Resources share price

Use our graph to track the performance of TRQ stocks over time.

Turquoise Hill Resources shares at a glance

Information last updated 2020-10-20.
52-week rangeUSD$0.3 - USD$1.2
50-day moving average USD$0.8826
200-day moving average USD$0.7505
Wall St. target priceUSD$4
PE ratio 4.5835
Dividend yield N/A (0%)
Earnings per share (TTM) USD$0.162

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Turquoise Hill Resources stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is Turquoise Hill Resources under- or over-valued?

Valuing Turquoise Hill Resources stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Turquoise Hill Resources's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Turquoise Hill Resources's P/E ratio

Turquoise Hill Resources's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 5x. In other words, Turquoise Hill Resources shares trade at around 5x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Turquoise Hill Resources's PEG ratio

Turquoise Hill Resources's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 23.5. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Turquoise Hill Resources's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Turquoise Hill Resources's EBITDA

Turquoise Hill Resources's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$123.1 million.

The EBITDA is a measure of a Turquoise Hill Resources's overall financial performance and is widely used to measure a its profitability.

Turquoise Hill Resources financials

Revenue TTM USD$839.2 million
Gross profit TTM USD$423 million
Return on assets TTM -0.26%
Return on equity TTM 3.11%
Profit margin 38.74%
Book value $4.626
Market capitalisation USD$1.5 billion

TTM: trailing 12 months

Shorting Turquoise Hill Resources shares

There are currently 16.2 million Turquoise Hill Resources shares held short by investors – that's known as Turquoise Hill Resources's "short interest". This figure is 9% down from 17.8 million last month.

There are a few different ways that this level of interest in shorting Turquoise Hill Resources shares can be evaluated.

Turquoise Hill Resources's "short interest ratio" (SIR)

Turquoise Hill Resources's "short interest ratio" (SIR) is the quantity of Turquoise Hill Resources shares currently shorted divided by the average quantity of Turquoise Hill Resources shares traded daily (recently around 6.1 million). Turquoise Hill Resources's SIR currently stands at 2.63. In other words for every 100,000 Turquoise Hill Resources shares traded daily on the market, roughly 2630 shares are currently held short.

However Turquoise Hill Resources's short interest can also be evaluated against the total number of Turquoise Hill Resources shares, or, against the total number of tradable Turquoise Hill Resources shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Turquoise Hill Resources's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Turquoise Hill Resources shares in existence, roughly 10 shares are currently held short) or 0.0087% of the tradable shares (for every 100,000 tradable Turquoise Hill Resources shares, roughly 9 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Turquoise Hill Resources.

Find out more about how you can short Turquoise Hill Resources stock.

Turquoise Hill Resources's environmental, social and governance track record

Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Turquoise Hill Resources.

When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.

Turquoise Hill Resources's total ESG risk score

Total ESG risk: 40.68

Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Turquoise Hill Resources's overall score of 40.68 (as at 10/01/2020) is pretty weak – landing it in it in the 89th percentile of companies rated in the same sector.

ESG scores are increasingly used to estimate the level of risk a company like Turquoise Hill Resources is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).

Turquoise Hill Resources's environmental score

Environmental score: 19.64/100

Turquoise Hill Resources's environmental score of 19.64 puts it squarely in the 4th percentile of companies rated in the same sector. This could suggest that Turquoise Hill Resources is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.

Turquoise Hill Resources's social score

Social score: 15.22/100

Turquoise Hill Resources's social score of 15.22 puts it squarely in the 4th percentile of companies rated in the same sector. This could suggest that Turquoise Hill Resources is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.

Turquoise Hill Resources's governance score

Governance score: 14.31/100

Turquoise Hill Resources's governance score puts it squarely in the 4th percentile of companies rated in the same sector. That could suggest that Turquoise Hill Resources is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.

Turquoise Hill Resources's controversy score

Controversy score: 2/5

ESG scores also evaluate any incidences of controversy that a company has been involved in. Turquoise Hill Resources scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Turquoise Hill Resources has, for the most part, managed to keep its nose clean.

Environmental, social, and governance (ESG) summary

Turquoise Hill Resources Ltd was last rated for ESG on: 2020-10-01.

Total ESG score 40.68
Total ESG percentile 88.7
Environmental score 19.64
Environmental score percentile 4
Social score 15.22
Social score percentile 4
Governance score 14.31
Governance score percentile 4
Level of controversy 2

Turquoise Hill Resources share dividends

We're not expecting Turquoise Hill Resources to pay a dividend over the next 12 months.

Have Turquoise Hill Resources's shares ever split?

Turquoise Hill Resources's shares were split on a 1299:1000 basis on 4 December 2013. So if you had owned 1000 shares the day before before the split, the next day you'd have owned 1299 shares. This wouldn't directly have changed the overall worth of your Turquoise Hill Resources shares – just the quantity. However, indirectly, the new 23% lower share price could have impacted the market appetite for Turquoise Hill Resources shares which in turn could have impacted Turquoise Hill Resources's share price.

Turquoise Hill Resources share price volatility

Over the last 12 months, Turquoise Hill Resources's shares have ranged in value from as little as $0.3 up to $1.2. A popular way to gauge a stock's volatility is its "beta".

TRQ.US volatility(beta: 1.84)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Turquoise Hill Resources's is 1.8379. This would suggest that Turquoise Hill Resources's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Turquoise Hill Resources overview

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.

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