Tahoe Resources (TAHO) Announces Quarterly Earnings, Beats Expectations By $0.03 EPS
Tahoe Resources (NASDAQ:TAHO) issued its quarterly earnings data on Wednesday. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.03, Analyst Ratings Network reports.
Several analysts have recently commented on the stock. Analysts at Dundee Securities initiated coverage on shares of Tahoe Resources in a research note on Monday, August 4th. They set a “buy” rating on the stock. On the ratings front, analysts at Zacks upgraded shares of Tahoe Resources from an “underperform” rating to a “neutral” rating in a research note on Thursday, July 17th. They now have a $26.70 price target on the stock. Finally, analysts at Canaccord Genuity downgraded shares of Tahoe Resources from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. They now have a $30.50 price target on the stock. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $27.23.
Shares of Tahoe Resources (NASDAQ:TAHO) opened at 27.17 on Wednesday. Tahoe Resources has a 52 week low of $15.63 and a 52 week high of $27.55. The stock has a 50-day moving average of $26.55 and a 200-day moving average of $22.92. The company’s market cap is $3.990 billion.
Tahoe Resources Inc (NASDAQ:TAHO) is engaged in the exploration and development of mineral properties in the United States for the mining of precious metals.
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