National Bank Financial Weighs in on Tahoe Resources Inc’s FY2016 Earnings (TAHO)
Tahoe Resources Inc (NASDAQ:TAHO) – National Bank Financial reduced their FY2016 EPS estimates for Tahoe Resources in a note issued to investors on Wednesday. National Bank Financial analyst S. Parsons now anticipates that the brokerage will post earnings of $0.67 per share for the year, down from their previous estimate of $0.76.
A number of other equities research analysts have also issued reports on TAHO. Zacks Investment Research upgraded Tahoe Resources from a “sell” rating to a “hold” rating in a research note on Wednesday. HSBC restated a “buy” rating on shares of Tahoe Resources in a research report on Thursday, July 7th. Desjardins restated a “buy” rating on shares of Tahoe Resources in a research report on Wednesday, August 31st. Finally, TD Securities restated a “buy” rating and set a $26.00 price objective (up previously from $24.00) on shares of Tahoe Resources in a research report on Saturday, August 13th.
Tahoe Resources (NASDAQ:TAHO) opened at 11.79 on Monday. Tahoe Resources has a one year low of $6.48 and a one year high of $17.01. The stock’s market cap is $3.67 billion. The company’s 50-day moving average price is $12.92 and its 200-day moving average price is $13.61.
The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 27th. Stockholders of record on Thursday, October 20th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Tuesday, October 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.04%.
An institutional investor recently raised its position in Tahoe Resources stock. Creative Planning boosted its position in shares of Tahoe Resources Inc (NASDAQ:TAHO) by 4,550.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,300 shares of the company’s stock after buying an additional 9,100 shares during the period. Creative Planning’s holdings in Tahoe Resources were worth $119,000 at the end of the most recent reporting period.
Tahoe Resources Company Profile
Tahoe Resources Inc is a mine operating, mineral exploration and development company. The Company’s principal business activities are to operate the Escobal mine, a silver mining operation in southeastern Guatemala; the La Arena mine, a gold mining operation located in northwestern Peru, and the Shahuindo gold mine, located in northwestern Peru.
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