Equities analysts predict that Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) will report earnings per share of ($0.01) for the current quarter, according to Zacks. Zero analysts have made estimates for Tahoe Resources’ earnings. The highest EPS estimate is $0.00 and the lowest is ($0.01). Tahoe Resources posted earnings of $0.06 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 116.7%. The business is expected to issue its next earnings results on Thursday, March 8th.

According to Zacks, analysts expect that Tahoe Resources will report full-year earnings of $0.33 per share for the current financial year, with EPS estimates ranging from $0.28 to $0.45. For the next fiscal year, analysts anticipate that the company will post earnings of $0.45 per share, with EPS estimates ranging from $0.29 to $0.56. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Tahoe Resources.

Tahoe Resources (NYSE:TAHO) (TSE:THO) last posted its quarterly earnings results on Monday, November 6th. The basic materials company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The company had revenue of $155.20 million for the quarter, compared to analysts’ expectations of $127.12 million. Tahoe Resources had a return on equity of 4.57% and a net margin of 12.44%. The firm’s revenue was down 33.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.21 EPS.

Several analysts recently issued reports on TAHO shares. BMO Capital Markets upgraded shares of Tahoe Resources from a “market perform” rating to an “outperform” rating in a report on Monday, September 11th. Credit Suisse Group upgraded shares of Tahoe Resources from a “neutral” rating to an “outperform” rating in a report on Monday, September 11th. BidaskClub lowered shares of Tahoe Resources from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 18th. Finally, ValuEngine lowered shares of Tahoe Resources from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $15.00.

Shares of Tahoe Resources (TAHO) traded down $0.18 on Friday, reaching $4.18. 3,152,900 shares of the company traded hands, compared to its average volume of 3,016,740. The stock has a market cap of $1,363.70, a price-to-earnings ratio of 11.18, a P/E/G ratio of 2.64 and a beta of 0.38. Tahoe Resources has a 12-month low of $4.15 and a 12-month high of $11.43.

A number of institutional investors and hedge funds have recently modified their holdings of TAHO. High Pointe Capital Management LLC acquired a new position in Tahoe Resources in the 2nd quarter valued at about $106,000. Blair William & Co. IL grew its position in Tahoe Resources by 46.1% in the 2nd quarter. Blair William & Co. IL now owns 19,875 shares of the basic materials company’s stock valued at $171,000 after acquiring an additional 6,275 shares in the last quarter. Fore Research & Management LP acquired a new position in Tahoe Resources in the 2nd quarter valued at about $172,000. Aperio Group LLC grew its position in Tahoe Resources by 16.4% in the 2nd quarter. Aperio Group LLC now owns 20,686 shares of the basic materials company’s stock valued at $178,000 after acquiring an additional 2,916 shares in the last quarter. Finally, M&T Bank Corp grew its position in Tahoe Resources by 77.0% in the 2nd quarter. M&T Bank Corp now owns 21,194 shares of the basic materials company’s stock valued at $184,000 after acquiring an additional 9,217 shares in the last quarter. Hedge funds and other institutional investors own 64.44% of the company’s stock.

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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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