FY2017 EPS Estimates for Tahoe Resources, Inc. (TAHO) Raised by Analyst
Tahoe Resources, Inc. (NYSE:TAHO) (TSE:THO) – Equities researchers at Haywood Securities upped their FY2017 earnings estimates for shares of Tahoe Resources in a research note issued to investors on Wednesday. Haywood Securities analyst now anticipates that the basic materials company will post earnings of $0.28 per share for the year, up from their previous estimate of $0.27.
TAHO has been the subject of several other research reports. BidaskClub lowered shares of Tahoe Resources from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 18th. ValuEngine lowered shares of Tahoe Resources from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BMO Capital Markets upgraded shares of Tahoe Resources from a “market perform” rating to an “outperform” rating in a research note on Monday, September 11th. Credit Suisse Group upgraded shares of Tahoe Resources from a “neutral” rating to an “outperform” rating in a research note on Monday, September 11th. Finally, National Bank Financial restated a “sec perform spec market wgt” rating on shares of Tahoe Resources in a research note on Sunday, July 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $15.00.
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Tahoe Resources (NYSE:TAHO) traded up $0.11 during midday trading on Friday, hitting $4.66. 4,748,470 shares of the company traded hands, compared to its average volume of 3,084,883. The company has a market cap of $1,370.00, a price-to-earnings ratio of 11.26, a PEG ratio of 2.68 and a beta of 0.42. Tahoe Resources has a 1 year low of $4.24 and a 1 year high of $11.43.
Tahoe Resources (NYSE:TAHO) (TSE:THO) last posted its quarterly earnings data on Monday, November 6th. The basic materials company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The firm had revenue of $155.20 million for the quarter, compared to the consensus estimate of $127.12 million. Tahoe Resources had a return on equity of 4.57% and a net margin of 12.44%. The company’s revenue was down 33.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.21 EPS.
Institutional investors have recently modified their holdings of the business. High Pointe Capital Management LLC acquired a new position in Tahoe Resources during the 2nd quarter valued at approximately $106,000. Virtu Financial LLC purchased a new stake in shares of Tahoe Resources in the 3rd quarter valued at $139,000. Blair William & Co. IL boosted its holdings in shares of Tahoe Resources by 46.1% in the 2nd quarter. Blair William & Co. IL now owns 19,875 shares of the basic materials company’s stock valued at $171,000 after acquiring an additional 6,275 shares during the last quarter. Fore Research & Management LP purchased a new stake in shares of Tahoe Resources in the 2nd quarter valued at $172,000. Finally, Aperio Group LLC boosted its holdings in shares of Tahoe Resources by 58.5% in the 3rd quarter. Aperio Group LLC now owns 32,795 shares of the basic materials company’s stock valued at $173,000 after acquiring an additional 12,109 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.
Tahoe Resources Company Profile
Tahoe Resources Inc is a mine operations, and mineral exploration and development company. The Company’s principal business activities are the exploration, development, operation and acquisition of mineral properties for the mining of precious metals in the Americas. Its business involves operating the Escobal mine, a silver mining operation located in southeastern Guatemala, the La Arena and Shahuindo mines, gold mining operations located in northwestern Peru, and the Bell Creek mine and mill and the Timmins West mine, gold mining operations located in northeastern Ontario, Canada.
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