Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) – Stock analysts at National Bank Financial reduced their FY2018 earnings per share (EPS) estimates for Tahoe Resources in a report issued on Monday, July 16th. National Bank Financial analyst M. Parkin now anticipates that the basic materials company will post earnings of ($0.01) per share for the year, down from their prior forecast of $0.06.
TAHO has been the subject of a number of other reports. ValuEngine upgraded shares of Tahoe Resources from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 16th. TheStreet lowered shares of Tahoe Resources from a “c” rating to a “d+” rating in a research report on Tuesday, May 22nd. Zacks Investment Research downgraded shares of Tahoe Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 10th. Finally, Cantor Fitzgerald assumed coverage on shares of Tahoe Resources in a report on Wednesday, March 28th. They issued a “buy” rating on the stock. Three research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold”.
Tahoe Resources opened at $4.55 on Thursday, according to Marketbeat Ratings. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 5.11 and a beta of 0.22. Tahoe Resources has a 1-year low of $3.76 and a 1-year high of $7.00.
Tahoe Resources (NYSE:TAHO) (TSE:THO) last posted its quarterly earnings results on Wednesday, May 2nd. The basic materials company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). The firm had revenue of $139.90 million during the quarter, compared to the consensus estimate of $137.42 million. Tahoe Resources had a return on equity of 0.07% and a net margin of 0.04%. The business’s revenue for the quarter was down 44.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.24 earnings per share.
Several hedge funds have recently added to or reduced their stakes in TAHO. Wells Fargo & Company MN lifted its holdings in shares of Tahoe Resources by 5.2% in the fourth quarter. Wells Fargo & Company MN now owns 1,932,332 shares of the basic materials company’s stock worth $9,256,000 after buying an additional 96,272 shares in the last quarter. BlackRock Inc. raised its stake in Tahoe Resources by 1.1% during the fourth quarter. BlackRock Inc. now owns 6,646,196 shares of the basic materials company’s stock valued at $31,835,000 after purchasing an additional 71,070 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in Tahoe Resources during the fourth quarter valued at $3,041,000. Renaissance Technologies LLC raised its stake in Tahoe Resources by 68.2% during the fourth quarter. Renaissance Technologies LLC now owns 46,900 shares of the basic materials company’s stock valued at $226,000 after purchasing an additional 19,023 shares in the last quarter. Finally, AMP Capital Investors Ltd raised its stake in Tahoe Resources by 26.0% during the fourth quarter. AMP Capital Investors Ltd now owns 111,319 shares of the basic materials company’s stock valued at $536,000 after purchasing an additional 23,000 shares in the last quarter. 62.76% of the stock is currently owned by hedge funds and other institutional investors.
Tahoe Resources Company Profile
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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