Equities research analysts expect Tahoe Resources, Inc. (NYSE:TAHO) to report $0.11 earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Tahoe Resources’ earnings, with the highest EPS estimate coming in at $0.15 and the lowest estimate coming in at $0.06. Tahoe Resources reported earnings per share of $0.19 during the same quarter last year, which would indicate a negative year over year growth rate of 42.1%. The company is expected to issue its next earnings report after the market closes on Tuesday, August 8th.
On average, analysts expect that Tahoe Resources will report full year earnings of $0.39 per share for the current year, with EPS estimates ranging from $0.25 to $0.59. For the next financial year, analysts expect that the business will post earnings of $0.55 per share, with EPS estimates ranging from $0.42 to $0.69. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Tahoe Resources.
Several brokerages have recently weighed in on TAHO. ValuEngine cut Tahoe Resources from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Raymond James Financial, Inc. cut Tahoe Resources from a “strong-buy” rating to an “outperform” rating in a research report on Friday, June 23rd. UBS AG cut Tahoe Resources from a “strong-buy” rating to an “outperform” rating in a research report on Friday, June 23rd. BidaskClub upgraded Tahoe Resources from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Finally, Zacks Investment Research upgraded Tahoe Resources from a “sell” rating to a “hold” rating in a research report on Friday, May 5th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $19.50.
Shares of Tahoe Resources (TAHO) opened at 5.60 on Friday. The firm’s 50-day moving average is $7.04 and its 200-day moving average is $8.22. The firm has a market capitalization of $1.75 billion, a P/E ratio of 11.24 and a beta of 0.54. Tahoe Resources has a 52 week low of $4.93 and a 52 week high of $17.01.
The business also recently disclosed a monthly dividend, which was paid on Thursday, July 27th. Investors of record on Thursday, July 20th were given a $0.02 dividend. This represents a $0.24 annualized dividend and a dividend yield of 4.29%. The ex-dividend date was Tuesday, July 18th. Tahoe Resources’s dividend payout ratio (DPR) is 48.98%.
COPYRIGHT VIOLATION WARNING: This article was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://stocknewstimes.com/2017/08/09/brokerages-anticipate-tahoe-resources-inc-nysetaho-to-announce-0-11-eps-updated.html.
Several hedge funds and other institutional investors have recently bought and sold shares of TAHO. Essex Investment Management Co. LLC raised its stake in shares of Tahoe Resources by 117.0% in the first quarter. Essex Investment Management Co. LLC now owns 90,411 shares of the basic materials company’s stock valued at $726,000 after buying an additional 48,751 shares during the last quarter. 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 buying an additional 9,195 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new stake in shares of Tahoe Resources during the first quarter valued at approximately $1,482,000. Sigma Planning Corp raised its stake in shares of Tahoe Resources by 40.2% in the first quarter. Sigma Planning Corp now owns 25,690 shares of the basic materials company’s stock valued at $206,000 after buying an additional 7,364 shares during the last quarter. Finally, Comerica Bank raised its stake in shares of Tahoe Resources by 60.5% in the fourth quarter. Comerica Bank now owns 30,966 shares of the basic materials company’s stock valued at $279,000 after buying an additional 11,673 shares during the last quarter. Institutional investors own 65.23% of the company’s stock.
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.
Get a free copy of the Zacks research report on Tahoe Resources (TAHO)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Tahoe Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tahoe Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
