Turquoise Hill Resources upgraded by Macquarie
$TRQ
Macquarie upgraded Turquoise Hill Resources from Neutral to Outperform
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/13/2022 | Buy → Hold | Canaccord Genuity | |
| 5/12/2022 | Sector Perform → Sector Outperform | Scotiabank | |
| 3/15/2022 | Underperform → Market Perform | BMO Capital Markets | |
| 3/4/2022 | $28.00 → $32.00 | Speculative Buy → Buy | TD Securities |
| 3/4/2022 | Speculative Buy → Buy | TD Securities | |
| 1/27/2022 | Neutral → Outperform | Macquarie | |
| 1/26/2022 | $21.00 → $25.00 | Sector Perform | RBC Capital |
| 1/25/2022 | Hold → Buy | Canaccord Genuity |
Rio Tinto has completed its acquisition of Turquoise Hill Resources Ltd (TSX:TRQ) (NYSE:TRQ) ("Turquoise Hill") for a consideration of approximately $3.1 billion1, simplifying its ownership of the world-class Oyu Tolgoi mine in Mongolia, significantly strengthening Rio Tinto's copper portfolio, and demonstrating its long-term commitment to the project and Mongolia. Rio Tinto now holds a 66% direct interest in the Oyu Tolgoi project with the remaining 34% owned by the Government of Mongolia through Erdenes Oyu Tolgoi. The transaction closed following approval from the Yukon court in Canada and the majority of TRQ minority shareholders supporting the deal. Rio Tinto Chief Executive Jakob St
Turquoise Hill Resources Ltd. (TSX:TRQ) (NYSE:TRQ) ("Turquoise Hill" or the "Company") today announced the completion of the transactions contemplated by the previously announced statutory plan of arrangement under section 195 of the Business Corporations Act (Yukon) (the "Arrangement") involving the Company and Rio Tinto International Holdings Limited ("Rio Tinto"). Pursuant to the Arrangement, Rio Tinto acquired the approximately 49% of the issued and outstanding common shares of Turquoise Hill that Rio Tinto and its affiliates did not already own (the "Minority Shares") for C$43.00 per share in cash. As a result of the transaction, Turquoise Hill intends to apply to have its common shar
Turquoise Hill Resources Ltd. (TSX:TRQ) (NYSE:TRQ) ("Turquoise Hill" or the "Company") today announced that the Supreme Court of Yukon (the "Court") has granted the final order (the "Final Order") in connection with the previously announced statutory plan of arrangement under section 195 of the Business Corporations Act (Yukon), pursuant to which Rio Tinto International Holdings Limited ("Rio Tinto") will acquire the approximately 49% of the issued and outstanding common shares of Turquoise Hill that Rio Tinto and its affiliates do not currently own (the "Minority Shares") for C$43.00 per share in cash (the "Arrangement"). As announced in its news release dated December 9, 2022, the Arrange