TRQ

Turquoise Hill Resources Ltd

Industrial/Transportation


Presented:11/21/2016
Price:$3.41
Cap:$6.86B
Current Price:$31.41
Cap:$6.32B

Presented

Date11/21/2016
Price$3.41
Market Cap$6.86B
Ent Value$7.80B
P/E Ratio25.26x
Book Value$4.29
Div Yield0%
Shares O/S2,012.31M
Ave Daily Vol2,335,741
Short Int2.55%

Current

Price$31.41
Market Cap$6.32B
Turquoise Hill Resources Ltd. is a mining company, which engages in the exploration and development of mineral properties. Its principal mineral resource property include Oyu Tolgoi copper-gold-silver project located in southern Mongolia. The company was founded by Robert Martin Friedland on January 25, 1994 and is headquartered in Vancouver, Canada.

Publicly traded companies mentioned herein: Freeport-McMoRan Inc (FCX), Southern Copper Corp (SCCO), Rio Tinto Ltd (RIO LN), Turquoise Hill Resources Ltd (TRQ)

Highlights

The presenter is long shares of Turquoise Hill Resources (TRQ), calling it the safest way to play a surge in copper pricing. The presenter projects copper prices will appreciate as demand outpaces supply in a “structural deficit” by the end of the decade. TRQ holds Oyu Tolgoi, a Mongolian copper-gold mine that is currently under development, which is expected to produce significant amounts of copper through an extensive underground facility. Assuming copper prices appreciate, TRQ is positioned to generate significant free cash flow when production kicks in during 2021-2022.

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Idea Discussion

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