M Partners Brokers Lower Earnings Estimates for Tahoe Resources Inc (THO)
Tahoe Resources Inc (TSE:THO) (NASDAQ:TAHO) – Research analysts at M Partners decreased their FY2018 earnings per share estimates for Tahoe Resources in a research report issued on Wednesday, November 14th. M Partners analyst B. Berhe now expects that the company will post earnings of ($0.26) per share for the year, down from their previous estimate of ($0.18).
THO has been the subject of several other research reports. National Bank Financial decreased their target price on Tahoe Resources from C$7.00 to C$5.00 and set a “sector perform” rating for the company in a research report on Tuesday, September 11th. Macquarie decreased their target price on Tahoe Resources from C$9.00 to C$6.00 in a research report on Wednesday, September 5th. Canaccord Genuity decreased their target price on Tahoe Resources from C$10.00 to C$9.00 in a research report on Tuesday, July 24th. TD Securities reduced their price objective on Tahoe Resources from C$6.00 to C$3.75 and set a “hold” rating for the company in a research report on Wednesday, September 5th. Finally, Beacon Securities lowered Tahoe Resources from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$10.00 to C$5.75 in a research report on Tuesday, September 4th.
About Tahoe Resources
Tahoe Resources Inc, together with its subsidiaries, acquires, explores for, develops, and operates mineral properties in the Americas. It explores for silver, gold, lead, zinc, and copper deposits, as well as precious metals assets. The company holds interest in the La Arena gold mine located in the Huamachuco district of northern Peru; Shahuindo mine located in the province of Cajabamba in northern Peru; and La Arena II, a copper-gold porphyry deposit located in Peru.
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