Q3 2016 EPS Estimates for Tahoe Resources Inc (THO) Cut by National Bank Financial
Tahoe Resources Inc (TSE:THO) – Stock analysts at National Bank Financial decreased their Q3 2016 earnings per share (EPS) estimates for shares of Tahoe Resources in a note issued to investors on Wednesday. National Bank Financial analyst S. Parsons now anticipates that the firm will post earnings per share of $0.24 for the quarter, down from their prior estimate of $0.25.
A number of other brokerages also recently commented on THO. TD Securities upped their price objective on Tahoe Resources from C$24.00 to C$26.00 and gave the stock a “buy” rating in a research note on Thursday, August 11th. Canaccord Genuity upped their price objective on Tahoe Resources from C$20.00 to C$25.00 in a research note on Tuesday, July 12th. CSFB set a C$22.00 price target on Tahoe Resources in a research note on Thursday, June 30th. Raymond James Financial Inc. increased their price target on Tahoe Resources from C$18.00 to C$22.25 in a research note on Monday, June 27th. Finally, Desjardins reissued a “buy” rating on shares of Tahoe Resources in a research note on Tuesday, August 30th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Tahoe Resources currently has a consensus rating of “Buy” and a consensus target price of C$20.97.
Tahoe Resources (TSE:THO) traded down 4.06% on Friday, hitting $14.64. The stock had a trading volume of 449,800 shares. The company’s market cap is $4.55 billion. The stock has a 50-day moving average of $17.27 and a 200-day moving average of $17.57. Tahoe Resources has a one year low of $9.45 and a one year high of $22.13.
About Tahoe Resources
Tahoe Resources Inc is a mine operating, mineral exploration and development company. The Company’s principal business activities are to operate the Escobal mine, a silver mining operation in southeastern Guatemala; the La Arena mine, a gold mining operation located in northwestern Peru, and the Shahuindo gold mine, located in northwestern Peru.
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