Shares of Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) have been given an average recommendation of “Hold” by the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $11.00.
A number of equities analysts recently issued reports on TAHO shares. Credit Suisse Group raised Tahoe Resources from a “neutral” rating to an “outperform” rating in a report on Monday, September 11th. BidaskClub downgraded Tahoe Resources from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 18th. BMO Capital Markets raised Tahoe Resources from a “market perform” rating to an “outperform” rating in a report on Monday, September 11th. Finally, ValuEngine downgraded Tahoe Resources from a “buy” rating to a “hold” rating in a report on Friday, September 1st.
Hedge funds have recently bought and sold shares of the company. Prudential Financial Inc. boosted its holdings in shares of Tahoe Resources by 11,751.8% in the second quarter. Prudential Financial Inc. now owns 1,599,998 shares of the basic materials company’s stock valued at $13,792,000 after acquiring an additional 1,586,498 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Tahoe Resources by 79.6% during the second quarter. JPMorgan Chase & Co. now owns 271,994 shares of the basic materials company’s stock worth $2,345,000 after purchasing an additional 120,535 shares during the last quarter. Cadence Capital Management LLC raised its stake in shares of Tahoe Resources by 27.6% during the second quarter. Cadence Capital Management LLC now owns 61,483 shares of the basic materials company’s stock worth $530,000 after purchasing an additional 13,282 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Tahoe Resources by 9.0% during the second quarter. Russell Investments Group Ltd. now owns 251,871 shares of the basic materials company’s stock worth $2,164,000 after purchasing an additional 20,848 shares during the last quarter. Finally, Lingohr & Partner Asset Management GmbH raised its stake in shares of Tahoe Resources by 18.9% during the third quarter. Lingohr & Partner Asset Management GmbH now owns 502,998 shares of the basic materials company’s stock worth $2,418,000 after purchasing an additional 80,100 shares during the last quarter. 64.41% of the stock is owned by institutional investors and hedge funds.
Tahoe Resources (NYSE:TAHO) (TSE:THO) last released its earnings results on Monday, November 6th. The basic materials company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). Tahoe Resources had a return on equity of 4.57% and a net margin of 12.44%. The firm had revenue of $155.20 million for the quarter, compared to analysts’ expectations of $127.12 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The firm’s quarterly revenue was down 33.9% on a year-over-year basis. analysts forecast that Tahoe Resources will post 0.33 EPS for the current fiscal year.
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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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