TRQ - Is Turquoise Hill A Buy? The Fundamentals Say It is
Thesis
This article will evaluate Turquoise Hill’s (TRQ) fundamental strength in both the short term and the long term. The short-term strength is based on an improved gold and copper production profile Y/Y that is supported by a recent upsurge in metal prices. The long-term strength is depicted by a solid growth outlook for its production profile over the next 5-7 years. There are some hurdles that currently affect the operational efficiency of the company; nevertheless, the technical picture indicates that TRQ is a good buy at current prices.
Figure-1 (Source: January Presentation