Shares of Tahoe Resources (NYSE:TAHO) (TSE:THO) have received a consensus rating of “Hold” from the twelve brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company.
Several brokerages recently weighed in on TAHO. ValuEngine cut Tahoe Resources from a “sell” rating to a “strong sell” rating in a research note on Monday, April 2nd. Zacks Investment Research raised Tahoe Resources from a “sell” rating to a “hold” rating in a research note on Saturday, March 24th. Credit Suisse Group cut Tahoe Resources from an “outperform” rating to a “neutral” rating in a research note on Friday, January 26th. Finally, Cantor Fitzgerald began coverage on Tahoe Resources in a research note on Wednesday, March 28th. They issued a “buy” rating on the stock.
TAHO opened at $4.90 on Tuesday. Tahoe Resources has a 52-week low of $3.76 and a 52-week high of $9.68. The company has a market cap of $1,523.22, a PE ratio of 18.15, a price-to-earnings-growth ratio of 3.61 and a beta of 0.18.
Tahoe Resources (NYSE:TAHO) (TSE:THO) last posted its earnings results on Thursday, February 22nd. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.04). Tahoe Resources had a net margin of 11.15% and a return on equity of 3.18%. The business had revenue of $117.70 million for the quarter, compared to analysts’ expectations of $129.88 million. During the same period last year, the firm posted $0.06 earnings per share. Tahoe Resources’s quarterly revenue was down 37.9% on a year-over-year basis. sell-side analysts anticipate that Tahoe Resources will post 0.27 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of the stock. Ninepoint Partners LP boosted its holdings in Tahoe Resources by 3.4% in the fourth quarter. Ninepoint Partners LP now owns 563,700 shares of the basic materials company’s stock worth $2,700,000 after acquiring an additional 18,400 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in 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 in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Tahoe Resources by 63.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 49,100 shares of the basic materials company’s stock worth $235,000 after acquiring an additional 19,100 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Tahoe Resources by 454.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 27,127 shares of the basic materials company’s stock worth $130,000 after acquiring an additional 22,234 shares in the last quarter. Finally, AMP Capital Investors Ltd boosted its holdings in Tahoe Resources by 26.0% in the fourth quarter. AMP Capital Investors Ltd now owns 111,319 shares of the basic materials company’s stock worth $536,000 after acquiring an additional 23,000 shares in the last quarter. 62.94% of the stock is currently owned by institutional investors.
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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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