Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) gapped down prior to trading on Wednesday . The stock had previously closed at $2.36, but opened at $2.72. Tahoe Resources shares last traded at $2.67, with a volume of 176803 shares traded.
A number of research firms recently commented on TAHO. ValuEngine cut shares of Tahoe Resources from a “sell” rating to a “strong sell” rating in a research report on Friday, June 22nd. Zacks Investment Research cut shares of Tahoe Resources from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 13th. Finally, TheStreet cut shares of Tahoe Resources from a “c” rating to a “d+” rating in a research report on Tuesday, May 22nd. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. Tahoe Resources presently has a consensus rating of “Hold”.
The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.95 and a current ratio of 1.97. The stock has a market cap of $1.08 billion, a P/E ratio of 10.00 and a beta of 0.19.
Tahoe Resources (NYSE:TAHO) (TSE:THO) last posted its earnings results on Wednesday, August 1st. The basic materials company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.02). The firm had revenue of $127.13 million for the quarter, compared to analysts’ expectations of $129.33 million. Tahoe Resources had a negative net margin of 9.04% and a negative return on equity of 1.80%. The company’s revenue was down 39.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 EPS. analysts anticipate that Tahoe Resources Inc will post -0.05 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Private Advisor Group LLC purchased a new position in shares of Tahoe Resources in the first quarter worth $101,000. BNP Paribas Arbitrage SA increased its stake in shares of Tahoe Resources by 117,368.4% in the first quarter. BNP Paribas Arbitrage SA now owns 22,319 shares of the basic materials company’s stock worth $105,000 after acquiring an additional 22,300 shares during the period. Nisa Investment Advisors LLC acquired a new stake in shares of Tahoe Resources in the second quarter worth $148,000. Renaissance Technologies LLC increased its stake in shares of Tahoe Resources by 68.2% in the fourth quarter. Renaissance Technologies LLC now owns 46,900 shares of the basic materials company’s stock worth $226,000 after acquiring an additional 19,023 shares during the period. Finally, Bourgeon Capital Management LLC acquired a new stake in shares of Tahoe Resources in the second quarter worth $241,000. 65.25% of the stock is owned by institutional investors and hedge funds.
About Tahoe Resources (NYSE:TAHO)
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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