Wall Street brokerages predict that Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) will post earnings of ($0.02) per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Tahoe Resources’ earnings. Tahoe Resources also posted earnings of ($0.02) per share during the same quarter last year. The firm is scheduled to issue its next earnings results on Monday, November 5th.
On average, analysts expect that Tahoe Resources will report full-year earnings of ($0.05) per share for the current financial year, with EPS estimates ranging from ($0.08) to ($0.02). For the next financial year, analysts expect that the firm will post earnings of $0.53 per share, with EPS estimates ranging from $0.34 to $0.98. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Tahoe Resources.
Tahoe Resources (NYSE:TAHO) (TSE:THO) last released its earnings results on Wednesday, August 1st. The basic materials company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). Tahoe Resources had a negative net margin of 9.04% and a negative return on equity of 1.80%. The company had revenue of $127.13 million during the quarter, compared to the consensus estimate of $129.33 million. During the same period last year, the firm posted $0.11 EPS. The company’s revenue was down 39.3% on a year-over-year basis.
TAHO has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Tahoe Resources from a “hold” rating to a “sell” rating in a report on Thursday, April 26th. ValuEngine cut Tahoe Resources from a “sell” rating to a “strong sell” rating in a research report on Monday, July 2nd. Finally, TheStreet cut Tahoe Resources from a “c” rating to a “d+” rating in a research report on Tuesday, May 22nd. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. Tahoe Resources presently has a consensus rating of “Hold”.
Tahoe Resources traded up $0.03, reaching $4.34, during mid-day trading on Friday, MarketBeat Ratings reports. 1,872,418 shares of the company’s stock traded hands, compared to its average volume of 2,389,382. Tahoe Resources has a 12-month low of $3.76 and a 12-month high of $7.00. The company has a market cap of $1.35 billion, a PE ratio of 16.07 and a beta of 0.11. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.97 and a quick ratio of 0.95.
Institutional investors and hedge funds have recently modified their holdings of the company. Bank of Montreal Can grew its position in shares of Tahoe Resources by 3.4% during the second quarter. Bank of Montreal Can now owns 2,827,554 shares of the basic materials company’s stock valued at $13,912,000 after purchasing an additional 93,863 shares in the last quarter. Nisa Investment Advisors LLC purchased a new position in shares of Tahoe Resources during the second quarter valued at about $148,000. Frontier Capital Management Co. LLC purchased a new position in shares of Tahoe Resources during the first quarter valued at about $20,889,000. Wedbush Securities Inc. purchased a new position in shares of Tahoe Resources during the first quarter valued at about $639,000. Finally, American Century Companies Inc. grew its position in shares of Tahoe Resources by 119.6% during the first quarter. American Century Companies Inc. now owns 905,168 shares of the basic materials company’s stock valued at $4,246,000 after purchasing an additional 492,968 shares in the last quarter. 62.22% 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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