Tahoe Resources Inc (THO) Forecasted to Post Q3 2017 Earnings of $0.05 Per Share
Tahoe Resources Inc (TSE:THO) (NASDAQ:TAHO) – Research analysts at National Bank Financial issued their Q3 2017 earnings estimates for shares of Tahoe Resources in a note issued to investors on Tuesday. National Bank Financial analyst M. Parkin anticipates that the company will post earnings of $0.05 per share for the quarter. National Bank Financial currently has a “Sector Perform” rating and a $7.50 target price on the stock. National Bank Financial also issued estimates for Tahoe Resources’ FY2018 earnings at $0.60 EPS.
Several other brokerages have also weighed in on THO. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Tahoe Resources in a research report on Thursday, July 6th. Eight Capital reaffirmed a “neutral” rating on shares of Tahoe Resources in a research report on Thursday, August 17th. BMO Capital Markets cut their price objective on shares of Tahoe Resources from C$10.00 to C$7.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 12th. TD Securities cut their price objective on shares of Tahoe Resources from C$16.00 to C$10.50 and set a “hold” rating on the stock in a research report on Thursday, July 6th. Finally, CIBC cut their price objective on shares of Tahoe Resources from C$8.00 to C$7.75 in a research report on Monday, September 25th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of C$10.43.
Tahoe Resources (TSE:THO) opened at 6.38 on Friday. The stock has a market cap of $2.00 billion and a P/E ratio of 11.62. Tahoe Resources has a 52 week low of $5.31 and a 52 week high of $16.91. The company’s 50 day moving average is $6.60 and its 200 day moving average is $9.03.
In other news, insider James Voorhees purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were bought at an average price of C$5.41 per share, with a total value of C$27,050.00. Also, Director Ronald Wayne Clayton purchased 20,000 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was purchased at an average cost of C$5.55 per share, for a total transaction of C$111,000.00.
Tahoe Resources Company Profile
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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