Tahoe Resources, Inc. (NYSE:TAHO) Expected to Announce Earnings of $0.11 Per Share
Brokerages expect Tahoe Resources, Inc. (NYSE:TAHO) to announce earnings of $0.11 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Tahoe Resources’ earnings. The lowest EPS estimate is $0.06 and the highest is $0.15. Tahoe Resources posted earnings per share of $0.19 in the same quarter last year, which would indicate a negative year over year growth rate of 42.1%. The company is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, August 8th.
According to Zacks, analysts expect that Tahoe Resources will report full-year earnings of $0.39 per share for the current year, with EPS estimates ranging from $0.25 to $0.59. For the next fiscal year, analysts anticipate that the business will post earnings of $0.55 per share, with EPS estimates ranging from $0.42 to $0.69. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Tahoe Resources.
Several research analysts recently commented on the company. National Bank Financial reiterated a “sec perform spec market wgt” rating on shares of Tahoe Resources in a research report on Sunday, July 23rd. ValuEngine upgraded Tahoe Resources from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Tahoe Resources in a research report on Friday, July 7th. Macquarie lowered Tahoe Resources from an “outperform” rating to a “neutral” rating in a research report on Friday, July 7th. Finally, Credit Suisse Group lowered Tahoe Resources from an “outperform” rating to a “neutral” rating in a research report on Friday, July 7th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $19.50.
Tahoe Resources (NYSE:TAHO) traded down 4.55% during midday trading on Friday, hitting $5.24. The stock had a trading volume of 2,567,913 shares. The stock’s 50-day moving average is $6.85 and its 200-day moving average is $8.15. The company has a market capitalization of $1.64 billion, a PE ratio of 10.52 and a beta of 0.47. Tahoe Resources has a 1-year low of $4.93 and a 1-year high of $17.01.
The business also recently declared a monthly dividend, which was paid on Thursday, July 27th. Investors of record on Thursday, July 20th were given a $0.02 dividend. The ex-dividend date of this dividend was Tuesday, July 18th. This represents a $0.24 annualized dividend and a yield of 4.58%. Tahoe Resources’s dividend payout ratio is currently 48.98%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP raised its position in shares of Tahoe Resources by 181.9% in the first quarter. Quantbot Technologies LP now owns 14,874 shares of the basic materials company’s stock valued at $119,000 after buying an additional 9,598 shares during the period. Karp Capital Management Corp acquired a new position in shares of Tahoe Resources during the first quarter valued at about $143,000. Highbridge Capital Management LLC acquired a new position in shares of Tahoe Resources during the fourth quarter valued at about $170,000. Blair William & Co. IL raised its position in shares of Tahoe Resources by 46.1% in the second quarter. Blair William & Co. IL now owns 19,875 shares of the basic materials company’s stock valued at $171,000 after buying an additional 6,275 shares during the period. Finally, Laurion Capital Management LP raised its position in shares of Tahoe Resources by 18.8% in the first quarter. Laurion Capital Management LP now owns 20,200 shares of the basic materials company’s stock valued at $162,000 after buying an additional 3,200 shares during the period. Institutional investors own 65.23% of the company’s stock.
About Tahoe Resources
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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