National Bank Financial Comments on Tahoe Resources Inc’s Q3 2016 Earnings (TAHO)
Tahoe Resources Inc (NASDAQ:TAHO) – Research analysts at National Bank Financial cut their Q3 2016 earnings estimates for shares of Tahoe Resources in a note issued to investors on Wednesday. National Bank Financial analyst S. Parsons now expects that the brokerage will earn $0.18 per share for the quarter, down from their prior estimate of $0.19. National Bank Financial also issued estimates for Tahoe Resources’ FY2017 earnings at $0.85 EPS.
Several other research firms have also recently commented on TAHO. HSBC restated a “buy” rating on shares of Tahoe Resources in a research note on Thursday, July 7th. Zacks Investment Research upgraded Tahoe Resources from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Thursday, June 30th. Desjardins restated a “buy” rating on shares of Tahoe Resources in a research note on Wednesday, August 31st. Finally, TD Securities reiterated a “buy” rating and issued a $26.00 price objective (up previously from $24.00) on shares of Tahoe Resources in a research report on Saturday, August 13th.
Tahoe Resources (NASDAQ:TAHO) traded down 3.513% during midday trading on Friday, reaching $11.125. 1,066,110 shares of the company were exchanged. The company’s market capitalization is $3.46 billion. The company has a 50 day moving average of $13.12 and a 200-day moving average of $13.54. Tahoe Resources has a 52-week low of $6.48 and a 52-week high of $17.01.
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A hedge fund recently raised its stake in Tahoe Resources stock. Creative Planning raised its stake in Tahoe Resources Inc (NASDAQ:TAHO) by 4,550.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,300 shares of the company’s stock after buying an additional 9,100 shares during the period. Creative Planning’s holdings in Tahoe Resources were worth $119,000 at the end of the most recent reporting period.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 27th. Shareholders of record on Thursday, October 20th will be given a $0.02 dividend. This represents a $0.24 annualized dividend and a yield of 2.08%. The ex-dividend date is Tuesday, October 18th.
About Tahoe Resources
Tahoe Resources Inc is a mine operating, mineral exploration and development company. The Company’s principal business activities are to operate the Escobal mine, a silver mining operation in southeastern Guatemala; the La Arena mine, a gold mining operation located in northwestern Peru, and the Shahuindo gold mine, located in northwestern Peru.
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