Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Turquoise Hill Resources Ltd.    TRQ   CA9004352071

TURQUOISE HILL RESOURCES LTD.

(TRQ)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

SHAREHOLDER ACTION REMINDER: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Turquoise Hill Resources Ltd. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

10/22/2020 | 12:32pm EST

The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Turquoise Hill Resources Ltd. (“Turquoise Hill” or “the Company”) (NYSE: TRQ) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between July 17, 2018 and July 31, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before December 14, 2020.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Turquoise Hill suffered stability issues at its Oyu Tolgoi copper-gold mine in Mongolia that were far more severe than represented. The Company’s estimates of the cost of completion and production schedule were impossible to achieve. The Company’s purported “challenging ground conditions” made its production estimates beyond its capabilities. In fact, the Company would require additional financing to complete the project. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Turquoise Hill, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.


© Business Wire 2020
All news about TURQUOISE HILL RESOURCES LTD.
10:34aTurquoise Hill says Odey's letter contains false assumptions
RE
09:55aTURQUOISE HILL RESOURCES : Comments on Letter from Short-Seller Odey Asset Manag..
PU
09:30aTURQUOISE HILL RESOURCES : Comments on Letter from Short-Seller Odey Asset Manag..
AQ
09:30aTURQUOISE HILL RESOURCES : Comments on Letter from Short-Seller Odey Asset Manag..
PR
11/24TURQUOISE HILL RESOURCES : ROSEN, RESPECTED INVESTOR COUNSEL, Reminds Turquoise ..
BU
11/16TURQUOISE HILL RESOURCES : announces financial results and review of operations ..
AQ
11/13TURQUOISE HILL : 3Q Earnings Snapshot
AQ
11/13TURQUOISE HILL : 3Q Earnings Snapshot
AQ
11/13TURQUOISE HILL RESOURCES : announces financial results and review of operations ..
PU
11/13TURQUOISE HILL RESOURCES : announces financial results and review of operations ..
AQ
More news
Financials (USD)
Sales 2020 1 053 M - -
Net income 2020 195 M - -
Net Debt 2020 3 035 M - -
P/E ratio 2020 9,76x
Yield 2020 -
Capitalization 1 944 M 1 945 M -
EV / Sales 2020 4,73x
EV / Sales 2021 2,65x
Nbr of Employees 2 854
Free-Float 46,7%
Chart TURQUOISE HILL RESOURCES LTD.
Duration : Period :
Turquoise Hill Resources Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TURQUOISE HILL RESOURCES LTD.
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 6
Average target price 13,29 $
Last Close Price 9,66 $
Spread / Highest target 78,2%
Spread / Average Target 37,6%
Spread / Lowest Target -21,0%
EPS Revisions
Managers
NameTitle
Ulf Quellmann Chief Executive Officer & Non-Independent Director
Robert Peter Charles Gillin Chairman
Jo-Anne Dudley Chief Operating Officer
Luke Colton Chief Financial Officer
Russel C. Robertson Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
TURQUOISE HILL RESOURCES LTD.32.32%1 945
BHP GROUP0.75%135 130
RIO TINTO PLC9.23%110 501
ANGLO AMERICAN PLC6.07%38 075
GRUPO MÉXICO, S.A.B. DE C.V.37.12%27 640
FRESNILLO PLC69.87%10 727