National Bank Financial Weighs in on Tahoe Resources Inc’s FY2016 Earnings (TAHO)
Tahoe Resources Inc (NASDAQ:TAHO) – Analysts at National Bank Financial cut their FY2016 earnings estimates for Tahoe Resources in a research report issued on Wednesday. National Bank Financial analyst S. Parsons now anticipates that the firm will post earnings of $0.67 per share for the year, down from their prior estimate of $0.76.
Other equities analysts have also issued reports about the stock. Zacks Investment Research raised shares of Tahoe Resources from a “sell” rating to a “hold” rating in a report on Wednesday. HSBC reissued a “buy” rating on shares of Tahoe Resources in a report on Thursday, July 7th. TD Securities reissued a “buy” rating and set a $26.00 price objective (up from $24.00) on shares of Tahoe Resources in a report on Saturday, August 13th. Finally, Desjardins reissued a “buy” rating on shares of Tahoe Resources in a report on Wednesday, August 31st.
Shares of Tahoe Resources (NASDAQ:TAHO) opened at 11.79 on Monday. Tahoe Resources has a 1-year low of $6.48 and a 1-year high of $17.01. The stock’s market capitalization is $3.67 billion. The stock has a 50 day moving average price of $12.92 and a 200 day moving average price of $13.61.
The company also recently declared a monthly dividend, which will be paid on Thursday, October 27th. Shareholders of record on Thursday, October 20th will be issued a $0.02 dividend. This represents a $0.24 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Tuesday, October 18th.
An institutional investor recently raised its position in Tahoe Resources stock. Creative Planning boosted its stake in Tahoe Resources Inc (NASDAQ:TAHO) by 4,550.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,300 shares of the company’s stock after buying an additional 9,100 shares during the period. Creative Planning’s holdings in Tahoe Resources were worth $119,000 at the end of the most recent reporting period.
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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