Tahoe Resources (THO) Releases Quarterly Earnings Results
Tahoe Resources (TSE:THO) posted its quarterly earnings results on Wednesday. The company reported $0.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.24 by $0.02, American Banking and Market News reports.
Shares of Tahoe Resources (TSE:THO) opened at 29.67 on Wednesday. Tahoe Resources has a 52 week low of $16.55 and a 52 week high of $30.15. The stock’s 50-day moving average is $28.61 and its 200-day moving average is $25.02. The company’s market cap is $4.357 billion.
Several analysts have recently commented on the stock. Analysts at Dundee Securities reiterated a “buy” rating on shares of Tahoe Resources in a research note on Monday, August 4th. On the ratings front, analysts at Raymond James raised their price target on shares of Tahoe Resources from C$27.00 to C$27.50 in a research note on Monday, July 14th. They now have a “market perform” rating 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of C$26.44.
Tahoe Resources Inc operates Escobal mine. The Company owns 100 % interest in Escobal project located in southeastern Guatemalan, approximately 70 kilometer from Guatemala City, near the municipality of San Rafael las Flores.
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