FY2017 Earnings Forecast for Tahoe Resources Inc Issued By Haywood Securities (THO)
Tahoe Resources Inc (TSE:THO) (NASDAQ:TAHO) – Equities research analysts at Haywood Securities lifted their FY2017 earnings per share (EPS) estimates for shares of Tahoe Resources in a report issued on Wednesday. Haywood Securities analyst G. Mark now forecasts that the company will post earnings per share of $0.36 for the year, up from their prior forecast of $0.34.
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Several other brokerages have also recently weighed in on THO. CSFB raised Tahoe Resources from a “neutral” rating to an “outperform” rating and set a C$9.25 price objective on the stock in a research note on Monday, September 11th. TD Securities cut their target price on Tahoe Resources from C$8.50 to C$8.00 in a research note on Wednesday, October 11th. Canaccord Genuity dropped their price objective on Tahoe Resources from C$11.00 to C$10.50 in a research note on Friday, October 20th. National Bank Financial decreased their price objective on Tahoe Resources from C$8.50 to C$7.50 and set a “sector perform” rating for the company in a report on Friday, August 25th. Finally, CIBC raised their target price on Tahoe Resources from C$7.00 to C$8.00 in a research note on Tuesday, September 12th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of C$10.35.
Shares of Tahoe Resources (THO) traded up C$0.20 during midday trading on Friday, hitting C$5.97. The stock had a trading volume of 937,931 shares, compared to its average volume of 1,359,237. Tahoe Resources has a 1 year low of C$5.31 and a 1 year high of C$15.11.
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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