Brokerages expect Tahoe Resources, Inc. (NYSE:TAHO) (TSE:THO) to report earnings of ($0.01) per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Tahoe Resources’ earnings. The highest EPS estimate is $0.04 and the lowest is ($0.06). Tahoe Resources posted earnings of $0.21 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 104.8%. The firm is scheduled to report its next earnings results after the market closes on Monday, November 6th.

According to Zacks, analysts expect that Tahoe Resources will report full-year earnings of $0.36 per share for the current year, with EPS estimates ranging from $0.26 to $0.45. For the next fiscal year, analysts forecast that the company will post earnings of $0.50 per share, with EPS estimates ranging from $0.43 to $0.66. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Tahoe Resources.

TAHO has been the subject of a number of research reports. Credit Suisse Group upgraded shares of Tahoe Resources from a “neutral” rating to an “outperform” rating in a research report on Monday, September 11th. ValuEngine upgraded shares of Tahoe Resources from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. BMO Capital Markets upgraded shares of Tahoe Resources from a “market perform” rating to an “outperform” rating in a research report on Monday, September 11th. BidaskClub lowered shares of Tahoe Resources from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 18th. Finally, Royal Bank Of Canada lowered shares of Tahoe Resources from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $17.33.

Shares of Tahoe Resources (TAHO) opened at 4.81 on Tuesday. The stock has a market cap of $1.50 billion, a PE ratio of 8.76 and a beta of 0.42. Tahoe Resources has a 52-week low of $4.24 and a 52-week high of $12.65. The stock’s 50 day moving average is $5.31 and its 200 day moving average is $6.68.

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Hedge funds have recently added to or reduced their stakes in the business. Karp Capital Management Corp purchased a new stake in shares of Tahoe Resources in the first quarter valued at $143,000. Parametric Portfolio Associates LLC raised its stake in shares of Tahoe Resources by 46.3% in the first quarter. Parametric Portfolio Associates LLC now owns 124,686 shares of the basic materials company’s stock valued at $1,001,000 after acquiring an additional 39,444 shares during the period. SG Americas Securities LLC raised its stake in shares of Tahoe Resources by 76.8% in the first quarter. SG Americas Securities LLC now owns 21,175 shares of the basic materials company’s stock valued at $170,000 after acquiring an additional 9,195 shares during the period. Teachers Advisors LLC raised its stake in shares of Tahoe Resources by 5.5% in the first quarter. Teachers Advisors LLC now owns 348,733 shares of the basic materials company’s stock valued at $2,800,000 after acquiring an additional 18,125 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Tahoe Resources by 109.0% in the first quarter. Legal & General Group Plc now owns 126,199 shares of the basic materials company’s stock valued at $1,012,000 after acquiring an additional 65,803 shares during the period. Institutional investors and hedge funds own 69.89% of the company’s stock.

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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