Brokerages expect that Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) will announce earnings of ($0.01) per share for the current quarter, Zacks reports. Zero analysts have made estimates for Tahoe Resources’ earnings, with the lowest EPS estimate coming in at ($0.03) and the highest estimate coming in at $0.00. Tahoe Resources posted earnings of $0.06 per share in the same quarter last year, which suggests a negative year over year growth rate of 116.7%. The business is scheduled to report its next quarterly earnings results after the market closes on Thursday, February 22nd.
According to Zacks, analysts expect that Tahoe Resources will report full-year earnings of $0.30 per share for the current fiscal year, with EPS estimates ranging from $0.28 to $0.33. For the next fiscal year, analysts forecast that the business will report earnings of $0.37 per share, with EPS estimates ranging from $0.26 to $0.56. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Tahoe Resources.
A number of brokerages recently weighed in on TAHO. Zacks Investment Research cut shares of Tahoe Resources from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. BidaskClub cut shares of Tahoe Resources from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 18th. Finally, Credit Suisse Group cut shares of Tahoe Resources from an “outperform” rating to a “neutral” rating in a research report on Friday, January 26th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold”.
A number of hedge funds have recently modified their holdings of TAHO. Two Sigma Securities LLC acquired a new position in Tahoe Resources in the 4th quarter worth $113,000. Bourgeon Capital Management LLC acquired a new position in Tahoe Resources in the 4th quarter worth $120,000. Tower Research Capital LLC TRC lifted its holdings in Tahoe Resources by 454.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 27,127 shares of the basic materials company’s stock worth $130,000 after buying an additional 22,234 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Tahoe Resources in the 4th quarter worth $132,000. Finally, MANA Advisors LLC acquired a new position in Tahoe Resources in the 4th quarter worth $136,000. Hedge funds and other institutional investors own 64.58% of the company’s stock.
Shares of Tahoe Resources (TAHO) traded up $0.16 during trading on Wednesday, reaching $4.04. 3,946,665 shares of the company were exchanged, compared to its average volume of 3,079,866. Tahoe Resources has a 12-month low of $3.76 and a 12-month high of $9.68. The stock has a market cap of $1,210.00, a PE ratio of 13.03, a price-to-earnings-growth ratio of 2.26 and a beta of 0.40.
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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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