|Bid||13.49 x 800|
|Ask||13.84 x 1000|
|Day's Range||13.12 - 13.75|
|52 Week Range||7.49 - 21.89|
|Beta (5Y Monthly)||1.97|
|PE Ratio (TTM)||6.75|
|Earnings Date||May 12, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.00|
Apparently, the challenges that the company is facing at the Oyu Tolgoi mine, as well as pessimism from Wall Street, is motivating investors to exit their positions today. As of 11:10 a.m. EDT, shares of Turquoise Hill had fallen 17.6%. Providing a third-quarter 2021 production update yesterday, Turquoise Hill reported that funding requirements for Oyu Tolgoi will be steeper than what it had previously estimated.
Futures tracking Canada's energy-heavy main stock index rose on Friday, aided by higher crude prices, ...
Canadian miner Turquoise Hill Resources Ltd said on Thursday the estimated additional funding required for the Oyu Tolgoi mine in Mongolia was now $1.2 billion higher than previously expected due to some delays. Oyu Tolgoi, one of the world's largest copper-gold-silver mines, was at the center of a long-running funding spat between Rio Tinto, and Turquoise. The Mongolian government holds a 34% stake in the Oyu Tolgoi project with Rio's majority-owned Turquoise owning the rest.