Research Analysts Set Expectations for Tahoe Resources Inc’s FY2016 Earnings (THO)
Tahoe Resources Inc (TSE:THO) – Research analysts at National Bank Financial cut their FY2016 EPS estimates for shares of Tahoe Resources in a research report issued to clients and investors on Wednesday. National Bank Financial analyst S. Parsons now forecasts that the brokerage will post earnings per share of $0.89 for the year, down from their prior forecast of $1.00. National Bank Financial also issued estimates for Tahoe Resources’ FY2017 earnings at $1.13 EPS.
A number of other analysts have also recently issued reports on THO. Raymond James Financial Inc. increased their price objective on shares of Tahoe Resources from C$18.00 to C$22.25 in a research note on Monday, June 27th. CSFB set a C$22.00 price objective on shares of Tahoe Resources in a research note on Thursday, June 30th. Canaccord Genuity increased their price objective on shares of Tahoe Resources from C$20.00 to C$25.00 in a research note on Tuesday, July 12th. TD Securities increased their price objective on shares of 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. Finally, Desjardins reissued a “buy” rating on shares of Tahoe Resources in a research note on Tuesday, August 30th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of C$20.97.
Tahoe Resources (TSE:THO) opened at 14.51 on Monday. Tahoe Resources has a 52-week low of $9.45 and a 52-week high of $22.13. The stock has a 50 day moving average price of $17.17 and a 200 day moving average price of $17.57. The firm’s market cap is $4.51 billion.
Tahoe Resources Company Profile
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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