FY2016 Earnings Estimate for Tahoe Resources Inc Issued By National Bank Financial (TAHO)
Tahoe Resources Inc (NASDAQ:TAHO) – Analysts at National Bank Financial dropped their FY2016 earnings per share estimates for shares of Tahoe Resources in a research note issued to investors on Wednesday. National Bank Financial analyst S. Parsons now forecasts that the firm will post earnings per share of $0.67 for the year, down from their prior estimate of $0.76.
A number of other brokerages have also recently commented on TAHO. TD Securities reaffirmed a “buy” rating and set a $26.00 target price (up from $24.00) on shares of Tahoe Resources in a report on Saturday, August 13th. HSBC reaffirmed a “buy” rating on shares of Tahoe Resources in a report on Thursday, July 7th. Zacks Investment Research raised shares of Tahoe Resources from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Thursday, June 30th. Finally, Desjardins reaffirmed a “buy” rating on shares of Tahoe Resources in a report on Wednesday, August 31st.
Shares of Tahoe Resources (NASDAQ:TAHO) opened at 11.04 on Monday. Tahoe Resources has a 12-month low of $6.48 and a 12-month high of $17.01. The company’s market capitalization is $3.43 billion. The stock’s 50 day moving average is $13.04 and its 200-day moving average is $13.55.
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A hedge fund recently raised its stake in Tahoe Resources stock. Creative Planning boosted its position 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 fund 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 as of its most recent SEC filing.
The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 27th. Stockholders of record on Thursday, October 20th will be paid a $0.02 dividend. The ex-dividend date is Tuesday, October 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.17%.
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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