|Bid||0.8424 x 900|
|Ask||0.8429 x 900|
|Day's Range||0.8321 - 0.8450|
|52 Week Range||0.3000 - 1.2000|
|Beta (5Y Monthly)||1.81|
|PE Ratio (TTM)||5.21|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Shares of Turquoise Hill Resources (NYSE: TRQ) were down about 19% by 10:45 a.m. EDT on Thursday. Weighing on the mining stock was an agreement it reached with its controlling shareholder Rio Tinto (NYSE: RIO) on a long-term funding plan for the Oyu Tolgoi copper mine in Mongolia. Turquoise Hill signed a memorandum of understanding with Rio Tinto, which currently holds 50.8% of its outstanding shares.
Provided an update on developments with respect to its ongoing engagement with the Company's controlling ...
At this time, I would like to welcome everyone to the Turquoise Hill Resources Second Quarter 2020 Results Conference Call. Roy McDowall, you may begin your conference. With me on the call are Ulf Quellmann, our CEO; Luke Colton, our CFO; and Jo-Anne Dudley, our COO.