Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) – Investment analysts at National Bank Financial lifted their FY2018 earnings estimates for shares of Tahoe Resources in a research report issued on Wednesday, November 14th. National Bank Financial analyst M. Parkin now forecasts that the basic materials company will post earnings per share of ($0.13) for the year, up from their previous forecast of ($0.17). National Bank Financial also issued estimates for Tahoe Resources’ FY2019 earnings at $0.02 EPS.

Tahoe Resources (NYSE:TAHO) (TSE:THO) last issued its quarterly earnings data on Tuesday, November 6th. The basic materials company reported ($0.06) earnings per share for the quarter, hitting the consensus estimate of ($0.06). Tahoe Resources had a negative net margin of 46.41% and a negative return on equity of 2.31%. The business had revenue of $111.80 million during the quarter, compared to analysts’ expectations of $117.71 million. During the same quarter in the previous year, the company earned ($0.02) EPS. The business’s revenue was down 28.0% on a year-over-year basis.

Other analysts have also recently issued research reports about the stock. TD Securities reiterated a “tender” rating on shares of Tahoe Resources in a research note on Monday. BMO Capital Markets dropped their price objective on shares of Tahoe Resources from $8.50 to $7.50 and set an “outperform” rating for the company in a research note on Monday, September 10th. Beacon Securities cut shares of Tahoe Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Canaccord Genuity reissued a “buy” rating on shares of Tahoe Resources in a report on Tuesday, November 13th. Finally, Zacks Investment Research raised shares of Tahoe Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $7.50.

Shares of Tahoe Resources stock opened at $3.34 on Monday. Tahoe Resources has a twelve month low of $2.17 and a twelve month high of $5.63. The company has a quick ratio of 0.74, a current ratio of 1.82 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 12.37 and a beta of 0.32.

A number of hedge funds have recently added to or reduced their stakes in TAHO. Bank of Montreal Can increased its holdings in Tahoe Resources by 3.4% in the 2nd quarter. Bank of Montreal Can now owns 2,827,554 shares of the basic materials company’s stock valued at $13,912,000 after buying an additional 93,863 shares during the period. Nisa Investment Advisors LLC bought a new position in Tahoe Resources in the 2nd quarter valued at about $148,000. Nwam LLC increased its holdings in Tahoe Resources by 56.4% in the 2nd quarter. Nwam LLC now owns 56,418 shares of the basic materials company’s stock valued at $278,000 after buying an additional 20,336 shares during the period. BNP Paribas Arbitrage SA increased its holdings in Tahoe Resources by 54.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 34,467 shares of the basic materials company’s stock valued at $170,000 after buying an additional 12,148 shares during the period. Finally, Alps Advisors Inc. increased its holdings in Tahoe Resources by 4.5% in the 2nd quarter. Alps Advisors Inc. now owns 1,362,434 shares of the basic materials company’s stock valued at $6,526,000 after buying an additional 58,549 shares during the period. 70.41% of the stock is currently owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for Tahoe Resources (NYSE:TAHO)

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