Brokers Set Expectations for Tahoe Resources Inc’s FY2018 Earnings (TAHO)
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.
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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