-$0.05 Earnings Per Share Expected for Tahoe Resources Inc (TAHO) This Quarter

Wall Street brokerages forecast that Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) will report ($0.05) earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Tahoe Resources’ earnings. The highest EPS estimate is ($0.04) and the lowest is ($0.05). Tahoe Resources reported earnings of ($0.06) per share during the same quarter last year, which would indicate a positive year over year growth rate of 16.7%. The business is expected to announce its next quarterly earnings report on Thursday, February 28th.

On average, analysts expect that Tahoe Resources will report full-year earnings of ($0.17) per share for the current year, with EPS estimates ranging from ($0.20) to ($0.16). For the next financial year, analysts expect that the company will report earnings of $0.19 per share, with EPS estimates ranging from $0.02 to $0.63. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Tahoe Resources.

A number of brokerages have recently issued reports on TAHO. Zacks Investment Research raised Tahoe Resources from a “sell” rating to a “hold” rating in a research note on Friday, November 16th. ValuEngine raised Tahoe Resources from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Canaccord Genuity reissued a “buy” rating on shares of Tahoe Resources in a research note on Tuesday, November 13th. Finally, BMO Capital Markets downgraded Tahoe Resources from an “outperform” rating to a “market perform” rating and set a $5.00 price objective on the stock. in a research note on Thursday, December 20th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Tahoe Resources has an average rating of “Hold” and a consensus price target of $5.00.

NYSE TAHO opened at $3.82 on Wednesday. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 14.15, a P/E/G ratio of 4.07 and a beta of 0.41. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.74 and a current ratio of 1.82. Tahoe Resources has a 12 month low of $2.17 and a 12 month high of $5.63.

Hedge funds have recently bought and sold shares of the stock. Advisors Preferred LLC purchased a new position in shares of Tahoe Resources during the fourth quarter valued at approximately $31,000. ARGA Investment Management LP bought a new position in Tahoe Resources in the fourth quarter valued at approximately $41,000. Lourd Capital LLC bought a new position in Tahoe Resources in the fourth quarter valued at approximately $51,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Tahoe Resources by 37.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,695 shares of the basic materials company’s stock valued at $79,000 after purchasing an additional 5,886 shares in the last quarter. Finally, Virtu Financial LLC grew its stake in Tahoe Resources by 165.6% in the fourth quarter. Virtu Financial LLC now owns 38,536 shares of the basic materials company’s stock valued at $141,000 after purchasing an additional 24,027 shares in the last quarter. 67.28% of the stock is currently owned by institutional investors and hedge funds.

About Tahoe Resources

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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