Tahoe Resources, Inc. (TAHO) Stock Price Down 5.1%

Tahoe Resources, Inc. (NYSE:TAHO) (TSE:THO) dropped 5.1% during trading on Friday . The stock traded as low as $4.46 and last traded at $4.48. Approximately 1,263,162 shares changed hands during trading, a decline of 59% from the average daily volume of 3,059,875 shares. The stock had previously closed at $4.72.

TAHO has been the topic of several recent analyst reports. BMO Capital Markets raised Tahoe Resources from a “market perform” rating to an “outperform” rating in a report on Monday, September 11th. Credit Suisse Group raised Tahoe Resources from a “neutral” rating to an “outperform” rating in a report on Monday, September 11th. BidaskClub cut Tahoe Resources from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 18th. Finally, ValuEngine cut Tahoe Resources from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $15.00.

The stock has a market cap of $1,401.24, a price-to-earnings ratio of 11.49, a PEG ratio of 2.72 and a beta of 0.42.

Tahoe Resources (NYSE:TAHO) (TSE:THO) last posted its quarterly earnings results on Monday, November 6th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01). The company had revenue of $155.20 million during the quarter, compared to the consensus estimate of $127.12 million. Tahoe Resources had a net margin of 12.44% and a return on equity of 4.57%. Tahoe Resources’s quarterly revenue was down 33.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 EPS. equities analysts anticipate that Tahoe Resources, Inc. will post 0.33 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of TAHO. Teachers Advisors LLC increased its holdings in shares of Tahoe Resources by 5.5% in the first quarter. Teachers Advisors LLC now owns 348,733 shares of the basic materials company’s stock valued at $2,800,000 after buying an additional 18,125 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Tahoe Resources by 109.0% in the first quarter. Legal & General Group Plc now owns 126,199 shares of the basic materials company’s stock valued at $1,012,000 after buying an additional 65,803 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Tahoe Resources by 7.1% in the first quarter. Vanguard Group Inc. now owns 6,180,220 shares of the basic materials company’s stock valued at $49,627,000 after buying an additional 408,544 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Tahoe Resources by 20.4% in the first quarter. Geode Capital Management LLC now owns 533,504 shares of the basic materials company’s stock valued at $4,284,000 after buying an additional 90,508 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Tahoe Resources by 12.7% in the first quarter. State Street Corp now owns 3,451,526 shares of the basic materials company’s stock valued at $27,712,000 after buying an additional 389,794 shares in the last quarter. 61.96% of the stock is currently owned by institutional investors.

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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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