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Company News

BUZZ-Turquoise Hill Resources: Shines after Q1 earnings beat

** Canada-based copper and gold miner’s shares rise 5.65% to C$1.8 after Q1 results beat estimates

** Co reports Q1 revenue of $352.7 mln vs Refinitiv IBES estimate of $329.3 mln

** Co posts Q1 earnings per share of 6 cents vs Refinitiv IBES estimate of 2 cents

** Says its Mongolian mine Oyu Tolgoi made a strong start to 2019 and that co remains on track to achieve its full-year 2019 production guidance

** 5 of 8 brokerages rate the stock “buy” or higher, 3 “hold”; their median PT is C$4.33

** Shares of TRQ have declined 21% so far this year (Reporting by Shradha Singh in Bengaluru)

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