Tahoe Resources Inc Forecasted to Earn Q4 2017 Earnings of ($0.03) Per Share (TAHO)

Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) – Research analysts at National Bank Financial issued their Q4 2017 earnings per share estimates for shares of Tahoe Resources in a report released on Wednesday. National Bank Financial analyst M. Parkin anticipates that the basic materials company will post earnings per share of ($0.03) for the quarter. National Bank Financial also issued estimates for Tahoe Resources’ FY2018 earnings at $0.26 EPS.

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

Other analysts also recently issued research reports about the stock. Credit Suisse Group downgraded shares of Tahoe Resources from an “outperform” rating to a “neutral” rating in a report on Friday, January 26th. Zacks Investment Research downgraded shares of Tahoe Resources from a “hold” rating to a “sell” rating in a report on Saturday. Finally, BidaskClub downgraded shares of Tahoe Resources from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold”.

Shares of Tahoe Resources (NYSE:TAHO) opened at $4.21 on Monday. The stock has a market cap of $1,320.00, a P/E ratio of 13.58, a PEG ratio of 2.15 and a beta of 0.40. Tahoe Resources has a 1-year low of $4.15 and a 1-year high of $9.68.

Several hedge funds and other institutional investors have recently made changes to their positions in TAHO. Principal Financial Group Inc. increased its holdings in shares of Tahoe Resources by 16.3% during the 2nd quarter. Principal Financial Group Inc. now owns 43,523 shares of the basic materials company’s stock worth $375,000 after buying an additional 6,100 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Tahoe Resources by 79.6% during the 2nd 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 period. Alliancebernstein L.P. boosted its position in shares of Tahoe Resources by 6.6% during the 2nd quarter. Alliancebernstein L.P. now owns 176,420 shares of the basic materials company’s stock worth $1,521,000 after purchasing an additional 10,850 shares during the period. Teachers Advisors LLC boosted its position in shares of Tahoe Resources by 3.2% during the 2nd quarter. Teachers Advisors LLC now owns 359,756 shares of the basic materials company’s stock worth $3,101,000 after purchasing an additional 11,023 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Tahoe Resources by 2.2% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 966,319 shares of the basic materials company’s stock worth $8,330,000 after purchasing an additional 21,249 shares during the period. Institutional investors and hedge funds own 64.15% 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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