Research Analysts Set Expectations for Tahoe Resources Inc’s FY2016 Earnings (THO)
Tahoe Resources Inc (TSE:THO) – Equities research analysts at National Bank Financial cut their FY2016 earnings estimates for Tahoe Resources in a note issued to investors on Wednesday. National Bank Financial analyst S. Parsons now anticipates that the firm will post earnings per share of $0.89 for the year, down from their previous forecast of $1.00. National Bank Financial also issued estimates for Tahoe Resources’ FY2017 earnings at $1.13 EPS.
Several other analysts have also issued reports on the company. Raymond James Financial Inc. upped their target price on Tahoe Resources from C$18.00 to C$22.25 in a report on Monday, June 27th. CSFB set a C$22.00 target price on Tahoe Resources in a report on Thursday, June 30th. TD Securities upped their target price on Tahoe Resources from C$24.00 to C$26.00 and gave the stock a “buy” rating in a report on Thursday, August 11th. Canaccord Genuity upped their target price on Tahoe Resources from C$20.00 to C$25.00 in a report on Tuesday, July 12th. Finally, Desjardins reiterated a “buy” rating on shares of Tahoe Resources in a report on Tuesday, August 30th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of C$20.97.
Tahoe Resources (TSE:THO) opened at 14.51 on Monday. The company’s market cap is $4.51 billion. Tahoe Resources has a 52-week low of $9.45 and a 52-week high of $22.13. The company’s 50 day moving average price is $17.17 and its 200 day moving average price is $17.57.
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Tahoe Resources Company Profile
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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