Tahoe Resources Inc (THO) Scheduled to Post Earnings on Monday
Tahoe Resources Inc (TSE:THO) (NASDAQ:TAHO) will be posting its quarterly earnings results after the market closes on Monday, November 6th. Analysts expect Tahoe Resources to post earnings of C($0.06) per share for the quarter.
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Several brokerages have commented on THO. CSFB upgraded Tahoe Resources from a “neutral” rating to an “outperform” rating and set a C$9.25 price target for the company in a research note on Monday, September 11th. TD Securities dropped their price target on Tahoe Resources from C$8.50 to C$8.00 in a research note on Wednesday, October 11th. National Bank Financial lowered Tahoe Resources from an “outperform market weight” rating to a “sector perform market weight” rating in a research note on Wednesday, July 5th. Canaccord Genuity dropped their price target on Tahoe Resources from C$11.00 to C$10.50 in a research note on Friday, October 20th. Finally, Royal Bank Of Canada dropped their price target on Tahoe Resources from C$15.00 to C$10.00 and set a “sector perform” rating for the company in a research note on Friday, July 7th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of C$10.38.
In other Tahoe Resources news, Director Ronald Wayne Clayton purchased 20,000 shares of Tahoe Resources stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of C$5.55 per share, with a total value of C$111,000.00. Also, insider James Voorhees purchased 5,000 shares of Tahoe Resources stock in a transaction that occurred on Tuesday, August 15th. The stock was acquired at an average cost of C$5.41 per share, with a total value of C$27,050.00.
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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