Tahoe Resources Inc on Focus After Bullish Options Activity

 Tahoe Resources Inc on Focus After Bullish Options Activity

In today’s session Tahoe Resources Inc (TAHO) registered an unusually high (2,354) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious TAHO increase. With 2,354 contracts traded and 8204 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: TAHO161216C00015000 closed last at: $0.55 or 15.4% down. About 3.13M shares traded hands or 43.58% up from the average. Tahoe Resources Inc (NYSE:TAHO) has risen 42.65% since March 1, 2016 and is uptrending. It has outperformed by 33.40% the S&P500.

Analysts await Tahoe Resources Inc (NYSE:TAHO) to report earnings on November, 10. They expect $0.16 earnings per share, up 45.45% or $0.05 from last year’s $0.11 per share. TAHO’s profit will be $56.10M for 17.47 P/E if the $0.16 EPS becomes a reality. After $0.19 actual earnings per share reported by Tahoe Resources Inc for the previous quarter, Wall Street now forecasts -15.79% negative EPS growth.

Tahoe Resources Inc (NYSE:TAHO) Ratings Coverage

Out of 4 analysts covering Tahoe Resources (NYSE:TAHO), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Tahoe Resources has been the topic of 6 analyst reports since October 8, 2015 according to StockzIntelligence Inc. On Wednesday, August 31 the stock rating was initiated by Desjardins Securities with “Buy”. The stock of Tahoe Resources Inc (NYSE:TAHO) earned “Sector Outperform” rating by IBC on Thursday, October 8. The rating was initiated by Bank of America with “Buy” on Friday, April 15. The stock of Tahoe Resources Inc (NYSE:TAHO) earned “Overweight” rating by JP Morgan on Friday, December 11. The stock has “Outperform” rating given by Raymond James on Wednesday, April 20.

Tahoe Resources Inc. is a mine operating, mineral exploration and development company. The company has a market cap of $3.92 billion. The Company’s principal business activities are to operate the Escobal mine, a silver mining operation in southeastern Guatemala; the La Arena mine, a gold mining operation located in northwestern Peru, and the Shahuindo gold mine, located in northwestern Peru. It currently has negative earnings. It conducts its business in two divisions based on the primary metal produced: gold and silver.

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