Analysts Expect Tahoe Resources Inc (TAHO) to Announce -$0.01 Earnings Per Share

Wall Street analysts expect that Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) will post ($0.01) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Tahoe Resources’ earnings, with the highest EPS estimate coming in at $0.00 and the lowest estimate coming in at ($0.01). Tahoe Resources posted earnings per share of $0.06 during the same quarter last year, which indicates a negative year-over-year growth rate of 116.7%. The company is expected to issue its next earnings results on Thursday, March 8th.

On average, analysts expect that Tahoe Resources will report full-year earnings of $0.33 per share for the current year, with EPS estimates ranging from $0.28 to $0.45. For the next fiscal year, analysts expect that the firm will post earnings of $0.45 per share, with EPS estimates ranging from $0.29 to $0.56. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Tahoe Resources.

Tahoe Resources (NYSE:TAHO) (TSE:THO) last announced its earnings results on Monday, November 6th. The basic materials company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The business had revenue of $155.20 million for the quarter, compared to the consensus estimate of $127.12 million. Tahoe Resources had a net margin of 12.44% and a return on equity of 4.57%. Tahoe Resources’s revenue was down 33.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.21 EPS.

A number of research firms have issued reports on TAHO. ValuEngine downgraded Tahoe Resources from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub downgraded Tahoe Resources from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 18th. Credit Suisse Group upgraded Tahoe Resources from a “neutral” rating to an “outperform” rating in a report on Monday, September 11th. Finally, BMO Capital Markets upgraded Tahoe Resources from a “market perform” rating to an “outperform” rating in a report on Monday, September 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Tahoe Resources has an average rating of “Hold” and a consensus target price of $15.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in shares of Tahoe Resources in the third quarter worth $139,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Tahoe Resources in the third quarter worth $196,000. U S Global Investors Inc. grew its stake in shares of Tahoe Resources by 354.3% in the third quarter. U S Global Investors Inc. now owns 36,798 shares of the basic materials company’s stock worth $194,000 after acquiring an additional 28,698 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Tahoe Resources by 36.8% in the third quarter. Jane Street Group LLC now owns 677,583 shares of the basic materials company’s stock worth $3,571,000 after acquiring an additional 182,264 shares during the last quarter. Finally, AMP Capital Investors Ltd purchased a new stake in shares of Tahoe Resources in the third quarter worth $463,000. 64.44% of the stock is currently owned by hedge funds and other institutional investors.

Tahoe Resources (NYSE:TAHO) traded up $0.19 on Friday, reaching $4.38. The company’s stock had a trading volume of 2,833,839 shares, compared to its average volume of 3,011,055. The company has a market capitalization of $1,310.53, a P/E ratio of 10.74, a price-to-earnings-growth ratio of 2.54 and a beta of 0.38. Tahoe Resources has a twelve month low of $4.15 and a twelve month high of $11.43.

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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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