Turquoise Hill Resources (TRQ.TO) Stock Price

Turquoise Hill Resources Price

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Turquoise Hill Resources (TRQ.TO) Stock | ISIN CA9004352071 | WKN A2QEV1. Turquoise Hill Resources operates in the Commodities sector.

Over the last 19 years Turquoise Hill Resources grew revenue by 17.8% annually, reaching 1.97 B USD. Earnings per share have grown at 52.5% per year over the last 7 years. For Turquoise Hill Resources, the net margin of 26.6% is up versus 19.3% a few years ago.

Turquoise Hill Resources stock price

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Stock Price

How to Read This Chart

This chart tracks the historical stock price of Turquoise Hill Resources over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Turquoise Hill Resources stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Turquoise Hill Resources's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Turquoise Hill Resources Stock Price History
DateTurquoise Hill Resources Price
Access this data via the Eulerpool API

Turquoise Hill Resources Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2002
87.1 M USD
-35.6 M USD
-31 M USD
Jan 1, 2003
22.9 M USD
-82 M USD
-73 M USD
Jan 1, 2004
0 USD
-126.2 M USD
-94.5 M USD
Jan 1, 2005
0 USD
-157.3 M USD
-70.7 M USD
Jan 1, 2006
0 USD
-249.6 M USD
-198.7 M USD
Jan 1, 2007
0 USD
-342.6 M USD
-457.7 M USD
Jan 1, 2008
3.1 M USD
-292.9 M USD
-184.1 M USD
Jan 1, 2009
36 M USD
-220.7 M USD
-280.2 M USD
Jan 1, 2010
79.8 M USD
-320.4 M USD
-211.5 M USD
Jan 1, 2011
179 M USD
-380 M USD
-570.4 M USD
Jan 1, 2012
78.1 M USD
-442.2 M USD
-606.7 M USD
Jan 1, 2013
51.5 M USD
-321.2 M USD
-112 M USD
Jan 1, 2014
1.74 B USD
126.3 M USD
26.9 M USD
Jan 1, 2015
1.63 B USD
292.2 M USD
313.3 M USD
Jan 1, 2016
1.2 B USD
22.9 M USD
210.6 M USD

Turquoise Hill Resources Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 20, 2026, 5:06 AM
 
REVENUE (B USD)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B USD)
NET INCOME (B USD)
NET INCOME GROWTH (%)
SHARES (M)
DOCUMENTS
2019202020212022e2023e2024e2025e2026e
1.171.081.971.461.182.173.244.42
-1.19-7.5582.84-25.82-19.2983.7349.4536.3
30.793263.0685.02105.3457.3338.3628.15
0.360.351.241.241.241.241.241.24
-0.150.410.520.410.180.661.312.63
-136.5-370.6729.06-22.52-54.68257.6198.78100.84
201.2201.2201.23201.23201.23201.23201.23201.23
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Turquoise Hill Resources generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Turquoise Hill Resources retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Turquoise Hill Resources's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Turquoise Hill Resources has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Turquoise Hill Resources's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Turquoise Hill Resources stock margins

The Turquoise Hill Resources margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Turquoise Hill Resources. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Turquoise Hill Resources.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2002
27.32 %
-40.87 %
-35.59 %
Jan 1, 2003
45.41 %
-358.08 %
-318.78 %
Jan 1, 2004
63.08 %
- %
- %
Jan 1, 2005
63.08 %
- %
- %
Jan 1, 2006
63.08 %
- %
- %
Jan 1, 2007
63.08 %
- %
- %
Jan 1, 2008
29.03 %
-9,448.39 %
-5,938.71 %
Jan 1, 2009
18.33 %
-613.06 %
-778.33 %
Jan 1, 2010
-18.8 %
-401.5 %
-265.04 %
Jan 1, 2011
6.03 %
-212.29 %
-318.66 %
Jan 1, 2012
-99.1 %
-566.2 %
-776.82 %
Jan 1, 2013
4.47 %
-623.69 %
-217.48 %
Jan 1, 2014
23.57 %
7.28 %
1.55 %
Jan 1, 2015
32.97 %
17.87 %
19.16 %
Jan 1, 2016
22.72 %
1.9 %
17.5 %

Turquoise Hill Resources Stock Revenue, EBIT, Earnings per Share

The Turquoise Hill Resources earnings per share therefore indicates how much revenue Turquoise Hill Resources has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2002
3.44 USD
-1.41 USD
-1.23 USD
Jan 1, 2003
0.72 USD
-2.59 USD
-2.3 USD
Jan 1, 2004
0 USD
-3.45 USD
-2.58 USD
Jan 1, 2005
0 USD
-3.96 USD
-1.78 USD
Jan 1, 2006
0 USD
-5.71 USD
-4.55 USD
Jan 1, 2007
0 USD
-7.03 USD
-9.4 USD
Jan 1, 2008
0.06 USD
-6 USD
-3.77 USD
Jan 1, 2009
0.68 USD
-4.16 USD
-5.29 USD
Jan 1, 2010
1.22 USD
-4.91 USD
-3.24 USD
Jan 1, 2011
1.84 USD
-3.9 USD
-5.86 USD
Jan 1, 2012
0.71 USD
-4.01 USD
-5.51 USD
Jan 1, 2013
0.4 USD
-2.47 USD
-0.86 USD
Jan 1, 2014
8.78 USD
0.64 USD
0.14 USD
Jan 1, 2015
8.13 USD
1.45 USD
1.56 USD
Jan 1, 2016
5.98 USD
0.11 USD
1.05 USD

Turquoise Hill Resources business model & stock analysis

Turquoise Hill Resources Ltd. is a Canadian mining company primarily engaged in the production of copper, gold, and molybdenum. The company was founded in 1994 and is headquartered in Vancouver, British Columbia. The history of Turquoise Hill Resources Ltd. began with the discovery of the Oyu Tolgoi copper and gold deposit in the Gobi Desert in Mongolia in 2001. The company worked closely with the Mongolian government to secure an investment agreement and form a consortium with the Anglo-Australian mining company Rio Tinto to develop the Oyu Tolgoi project. The Oyu Tolgoi project encompasses a mine with an estimated lifespan of over 50 years, and the production facility is one of the largest and most advanced in the world. The mine produces copper and gold concentrates, while the company also produces molybdenum, silver, and other metals. Turquoise Hill Resources Ltd. conducts its business through various divisions, including mine operation, resource extraction, investment management, and mineral exploration. Through its involvement in the Oyu Tolgoi project, the company is the largest mining investor in Mongolia and a significant source of income for the country. The company is committed to sustainability and environmental protection. Turquoise Hill Resources Ltd. works closely with communities to ensure that mining activities have a positive impact on the environment and people. Turquoise Hill Resources Ltd. operates in various locations, including the Oyu Tolgoi mine in Mongolia and the Krumovgrad copper mine in Bulgaria. The Krumovgrad mine, which commenced operations in 2020, produces copper and gold and has an estimated lifespan of 12 years. The company offers a wide range of products, including copper concentrates, gold bars, molybdenum concentrates, and silver. It has a diverse customer base, including buyers from Asia, Europe, and North America. Turquoise Hill Resources Ltd. has become a leading mining company and a major player in the mining industry. Its investments and activities have positive impacts on the economy and the environment, and the company is committed to sustainable collaboration with communities and governments.

Turquoise Hill Resources SWOT Analysis

Strengths

1. Strong mineral reserves in key markets, providing a solid foundation for revenue and growth.

2. Established reputation in the mining industry, gaining trust and attracting investors.

3. Innovative and efficient mining operations, maximizing productivity and reducing costs.

Weaknesses

1. Heavy reliance on a single mining project, increasing vulnerability to potential risks and uncertainties.

2. Limited diversification in product portfolio, making the company susceptible to market fluctuations.

3. High debt burden, creating financial constraints and limiting investment opportunities.

Opportunities

1. Growing demand for minerals in emerging markets, opening up new avenues for expansion.

2. Technological advancements in mining processes, enabling increased efficiency and exploration capabilities.

3. Strategic partnerships with local governments or other industry players, providing access to new resources and markets.

Threats

1. Fluctuating commodity prices, impacting revenue and profitability.

2. Regulatory changes and environmental concerns, leading to potential operational disruptions.

3. Intense competition in the mining industry, posing challenges in maintaining market share.

Turquoise Hill Resources Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Turquoise Hill Resources historical P/E ratio, EBIT multiple, and P/S ratio

Turquoise Hill Resources annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Turquoise Hill Resources shares outstanding

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Number of stocks
Details
Date
Number of stocks
Jan 1, 2002
25.3 M base_Shares
Jan 1, 2003
31.7 M base_Shares
Jan 1, 2004
36.6 M base_Shares
Jan 1, 2005
39.7 M base_Shares
Jan 1, 2006
43.7 M base_Shares
Jan 1, 2007
48.7 M base_Shares
Jan 1, 2008
48.8 M base_Shares
Jan 1, 2009
53 M base_Shares
Jan 1, 2010
65.3 M base_Shares
Jan 1, 2011
97.4 M base_Shares
Jan 1, 2012
110.2 M base_Shares
Jan 1, 2013
129.8 M base_Shares
Jan 1, 2014
197.6 M base_Shares
Jan 1, 2015
201.2 M base_Shares
Jan 1, 2016
201.2 M base_Shares
Price targets and forecasts for Turquoise Hill Resources are not yet available.

Turquoise Hill Resources Earnings Estimates

Turquoise Hill Resources Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
8/2/20230.17USD270.59 MUSD2023 Q2
5/8/20230.16USD268.48 MUSD2023 Q1
2/28/20230.07USD260.16 MUSD2022 Q4
11/14/20220.14USD304.48 MUSD2022 Q3
7/14/20220.34USD400.79 MUSD2022 Q2
4/19/20220.25USD394.48 MUSD2022 Q1
1/17/20220.62USD519.12 MUSD2021 Q4
10/14/20210.65USD443.93 MUSD2021 Q3
7/29/20210.34USD351.46 MUSD2021 Q2
5/12/20210.71USD556.1 MUSD2021 Q1
...

Turquoise Hill Resources shareholder structure

% Name
50.78574%
Rio Tinto PLC
Rio Tinto PLC
15.08633%
Pentwater Capital Management LP
Pentwater Capital Management LP
2.21254%
SailingStone Capital Partners LLC
SailingStone Capital Partners LLC
1.93184%
Kopernik Global Investors, LLC
Kopernik Global Investors, LLC
1.65117%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
1.30716%
ETF Managers Group, LLC
ETF Managers Group, LLC
1.2653%
Halbower (Matthew Charles)
Halbower (Matthew Charles)
1.0303%
Mirae Asset Global Investments (USA) LLC
Mirae Asset Global Investments (USA) LLC
0.83544%
Dimensional Fund Advisors, L.P.
Dimensional Fund Advisors, L.P.
0.79243%
Magnetar Capital Partners LP
Magnetar Capital Partners LP
...

Turquoise Hill Resources Executives and Management Board

ST

Mr. Steve Thibeault

(62)

Interim Chief Executive Officer, Director · since 2014

Compensation1.4 M USD
LC

Mr. Luke Colton

Chief Financial Officer

Compensation1.07 M USD
JD

Ms. Jo-Anne Dudley

Chief Operating Officer

Compensation987,479 USD
DI

Mr. Dustin Isaacs

Chief Legal Officer and Corporate Secretary

Compensation893,036 USD
RG

Mr. R. Peter Gillin

(73)

Independent Chairman of the Board

Compensation598,000 USD

Frequently asked questions about Turquoise Hill Resources

The business model of Turquoise Hill Resources Ltd is focused on the exploration, development, and operation of mineral resources. It is primarily engaged in the mining of copper, gold, and coal deposits. The company aims to generate sustainable value by responsibly developing and operating mining projects. Turquoise Hill Resources Ltd strives to maximize operational efficiency, optimize costs, and maintain environmental and social responsibility. By utilizing advanced technologies and implementing rigorous safety practices, the company aims to deliver long-term value to its shareholders. Turquoise Hill Resources Ltd's business model emphasizes maintaining sustainable growth and profitability in the mining industry.

All fundamentals and in-depth analysis of Turquoise Hill Resources

Our stock analysis for Turquoise Hill Resources Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Turquoise Hill Resources Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.