Wall Street analysts forecast that Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) will report earnings per share (EPS) of $0.02 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have made estimates for Tahoe Resources’ earnings, with the lowest EPS estimate coming in at $0.01 and the highest estimate coming in at $0.02. Tahoe Resources posted earnings of $0.24 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 91.7%. The firm is scheduled to report its next earnings results on Tuesday, May 1st.

According to Zacks, analysts expect that Tahoe Resources will report full year earnings of $0.27 per share for the current year, with EPS estimates ranging from $0.26 to $0.28. For the next fiscal year, analysts anticipate that the company will report earnings of $0.60 per share, with EPS estimates ranging from $0.40 to $1.01. Zacks’ EPS averages are an average based on a survey of research analysts that follow Tahoe Resources.

Tahoe Resources (NYSE:TAHO) (TSE:THO) last released its quarterly earnings results on Thursday, February 22nd. The basic materials company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.04). Tahoe Resources had a return on equity of 3.18% and a net margin of 11.15%. The company had revenue of $117.70 million for the quarter, compared to the consensus estimate of $129.88 million. During the same quarter last year, the firm posted $0.06 earnings per share. The firm’s quarterly revenue was down 37.9% compared to the same quarter last year.

A number of analysts have commented on the stock. ValuEngine downgraded shares of Tahoe Resources from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Credit Suisse Group downgraded shares of Tahoe Resources from an “outperform” rating to a “neutral” rating in a research report on Friday, January 26th. Finally, Zacks Investment Research downgraded shares of Tahoe Resources from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold”.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Two Sigma Securities LLC bought a new stake in shares of Tahoe Resources in the 4th quarter worth approximately $113,000. Bourgeon Capital Management LLC bought a new stake in shares of Tahoe Resources in the 4th quarter worth approximately $120,000. Tower Research Capital LLC TRC raised its holdings in shares of 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 purchasing an additional 22,234 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Tahoe Resources in the 4th quarter worth approximately $132,000. Finally, MANA Advisors LLC bought a new stake in shares of Tahoe Resources in the 4th quarter worth approximately $136,000. Institutional investors and hedge funds own 62.94% of the company’s stock.

Tahoe Resources (NYSE TAHO) traded down $0.09 during mid-day trading on Tuesday, hitting $4.68. 1,010,174 shares of the company’s stock were exchanged, compared to its average volume of 3,195,127. Tahoe Resources has a one year low of $3.76 and a one year high of $9.68. The company has a market cap of $1,498.20, a P/E ratio of 18.08, a price-to-earnings-growth ratio of 3.55 and a beta of 0.25.

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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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