FY2017 Earnings Forecast for Tahoe Resources Inc (TSE:THO) Issued By Beacon Securities
Tahoe Resources Inc (TSE:THO) (NASDAQ:TAHO) – Investment analysts at Beacon Securities lowered their FY2017 earnings estimates for shares of Tahoe Resources in a research report issued on Thursday. Beacon Securities analyst M. Curran now anticipates that the company will post earnings per share of $0.41 for the year, down from their previous estimate of $0.73. Beacon Securities also issued estimates for Tahoe Resources’ Q4 2017 earnings at ($0.13) EPS, FY2018 earnings at $0.76 EPS and FY2019 earnings at $0.95 EPS.
Several other research analysts have also recently issued reports on THO. CSFB initiated coverage on shares of Tahoe Resources in a research note on Thursday, April 13th. They issued an “outperform” rating and a C$14.00 price target for the company. TD Securities reduced their price target on shares of Tahoe Resources from C$16.00 to C$10.50 and set a “hold” rating for the company in a research note on Thursday. Royal Bank of Canada reiterated an “outperform” rating on shares of Tahoe Resources in a research note on Thursday. Raymond James Financial, Inc. reduced their price target on shares of Tahoe Resources from C$18.50 to C$17.00 and set an “outperform” rating for the company in a research note on Wednesday, March 15th. Finally, National Bank Financial lowered shares of Tahoe Resources from an “outperform market weight” rating to a “sector perform market weight” rating in a research note on Wednesday, July 5th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Tahoe Resources presently has a consensus rating of “Hold” and an average target price of C$13.64.
Tahoe Resources (TSE:THO) opened at 6.62 on Monday. The firm’s 50-day moving average price is $11.93 and its 200 day moving average price is $11.62. The firm has a market cap of $2.07 billion and a P/E ratio of 13.29. Tahoe Resources has a 12-month low of $6.48 and a 12-month high of $22.13.
About Tahoe Resources
Tahoe Resources Inc is a mine operations, and mineral exploration and development company. The Company’s principal business activities are the exploration, development, operation and acquisition of mineral properties for the mining of precious metals in the Americas. Its business involves operating the Escobal mine, a silver mining operation located in southeastern Guatemala, the La Arena and Shahuindo mines, gold mining operations located in northwestern Peru, and the Bell Creek mine and mill and the Timmins West mine, gold mining operations located in northeastern Ontario, Canada.
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