Tahoe Resources Inc (TSE:THO) (NASDAQ:TAHO) – Equities research analysts at National Bank Financial lowered their FY2018 EPS estimates for Tahoe Resources in a report released on Monday, September 10th, according to Zacks Investment Research. National Bank Financial analyst M. Parkin now expects that the company will post earnings of ($0.13) per share for the year, down from their prior forecast of ($0.05). National Bank Financial has a “Sector Perform” rating and a $5.00 price objective on the stock. National Bank Financial also issued estimates for Tahoe Resources’ FY2019 earnings at $0.11 EPS.
THO has been the subject of a number of other research reports. Beacon Securities cut Tahoe Resources from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$10.00 to C$5.75 in a research report on Tuesday, September 4th. Eight Capital reduced their price objective on Tahoe Resources from C$7.00 to C$5.75 in a research report on Wednesday, September 5th. Canaccord Genuity reduced their price objective on Tahoe Resources from C$10.00 to C$9.00 in a research report on Tuesday, July 24th. Raymond James reaffirmed a “sector perform” rating and issued a C$5.50 price target on shares of Tahoe Resources in a research report on Monday. Finally, TD Securities reduced their price target on Tahoe Resources from C$6.50 to C$6.00 and set a “hold” rating for the company in a research report on Tuesday, August 21st.
THO traded up C$0.07 during trading on Thursday, reaching C$3.57. 812,042 shares of the stock traded hands, compared to its average volume of 913,263. Tahoe Resources has a fifty-two week low of C$3.36 and a fifty-two week high of C$7.27.
Tahoe Resources (TSE:THO) (NASDAQ:TAHO) last released its quarterly earnings data on Wednesday, August 1st. The company reported C($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.03). The firm had revenue of C$164.04 million for the quarter, compared to analyst estimates of C$151.80 million. Tahoe Resources had a negative net margin of 15.30% and a negative return on equity of 2.74%.
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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