Tahoe Resources, Inc. (TAHO) Releases Earnings Results, Misses Estimates By $0.01 EPS

Tahoe Resources, Inc. (NYSE:TAHO) (TSE:THO) issued its earnings results on Monday. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01), Briefing.com reports. Tahoe Resources had a return on equity of 7.39% and a net margin of 19.39%. The firm had revenue of $155.20 million during the quarter, compared to the consensus estimate of $127.12 million. During the same quarter in the prior year, the business earned $0.21 earnings per share. Tahoe Resources’s revenue for the quarter was down 33.9% on a year-over-year basis.

Tahoe Resources (TAHO) traded up $0.15 during midday trading on Tuesday, hitting $4.83. The stock had a trading volume of 1,978,718 shares, compared to its average volume of 2,160,000. The company has a market cap of $1,510.00, a PE ratio of 7.55, a price-to-earnings-growth ratio of 2.61 and a beta of 0.42. Tahoe Resources has a 12 month low of $4.24 and a 12 month high of $11.50.

COPYRIGHT VIOLATION WARNING: “Tahoe Resources, Inc. (TAHO) Releases Earnings Results, Misses Estimates By $0.01 EPS” was originally reported by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this piece on another website, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be accessed at https://transcriptdaily.com/2017/11/07/tahoe-resources-inc-taho-releases-earnings-results-misses-estimates-by-0-01-eps.html.

A number of brokerages recently issued reports on TAHO. BidaskClub cut Tahoe Resources from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 18th. BMO Capital Markets upgraded Tahoe Resources from a “market perform” rating to an “outperform” rating in a report on Monday, September 11th. Credit Suisse Group upgraded Tahoe Resources from a “neutral” rating to an “outperform” rating in a report on Monday, September 11th. ValuEngine cut Tahoe Resources from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, National Bank Financial restated a “sec perform spec market wgt” rating on shares of Tahoe Resources in a research note on Sunday, July 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Tahoe Resources presently has a consensus rating of “Hold” and a consensus price target of $17.33.

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.

Earnings History for Tahoe Resources (NYSE:TAHO)

Receive News & Ratings for Tahoe Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tahoe Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply