Worth Watching: What’s in Tahoe Resources Inc After Today’s Huge Decline?

Worth Watching: What's in Tahoe Resources Inc After Today's Huge Decline?

The stock of Tahoe Resources Inc (NYSE:TAHO) is a huge mover today! About 3.76M shares traded hands or 91.84% up from the average. Tahoe Resources Inc (NYSE:TAHO) has risen 21.02% since April 4, 2016 and is uptrending. It has outperformed by 19.93% the S&P500.
The move comes after 6 months negative chart setup for the $3.69B company. It was reported on Nov, 4 by Barchart.com. We have $10.70 PT which if reached, will make NYSE:TAHO worth $221.40M less.

Analysts await Tahoe Resources Inc (NYSE:TAHO) to report earnings on November, 10. They expect $0.16 EPS, up 45.45% or $0.05 from last year’s $0.11 per share. TAHO’s profit will be $51.88M for 17.78 P/E if the $0.16 EPS becomes a reality. After $0.19 actual EPS 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. The rating was upgraded by IBC on Thursday, October 8 to “Sector Outperform”. The stock of Tahoe Resources Inc (NYSE:TAHO) earned “Outperform” rating by Raymond James on Wednesday, April 20. Bank of America initiated Tahoe Resources Inc (NYSE:TAHO) on Friday, April 15 with “Buy” rating. On Wednesday, August 31 the stock rating was initiated by Desjardins Securities with “Buy”. The firm has “Overweight” rating given on Friday, December 11 by JP Morgan.

According to Zacks Investment Research, “Tahoe Resources Inc. is engaged in the exploration and development of mineral properties in the United States for the mining of precious metals. It principally holds interests in the Escobal project located in southeastern Guatemala. Tahoe Resources Inc. is headquartered in Reno, Nevada.”

More important recent Tahoe Resources Inc (NYSE:TAHO) news were published by: Prnewswire.com which released: “Tahoe Resources Declares Eleventh Monthly Dividend For 2016” on November 03, 2016, also Prnewswire.com published article titled: “Tahoe Resources Reports Third Quarter Results”, Prnewswire.com published: “Tahoe Resources Recommends Shareholders Reject TRC Capital’s “Mini-Tender” Offer” on October 10, 2016. More interesting news about Tahoe Resources Inc (NYSE:TAHO) was released by: Prnewswire.com and their article: “Tahoe Resources Declares Tenth Monthly Dividend For 2016” with publication date: October 06, 2016.

TAHO Company Profile

Tahoe Resources Inc., incorporated on November 10, 2009, is a mine operating, mineral exploration and development company. The Company’s principal business activities are the operation of mineral properties for the mining of precious metals and the acquisition, exploration and development of mineral interests in the Americas. The Firm operates in two divisions: gold and silver. The Firm operates 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. The Company’s Escobal mine contains silver, gold, lead and zinc mineralization, and the La Arena mine and Shahuindo surface mines contains a gold oxide deposit, and the Bell Creek and Timmins West underground mines contain gold mineralization. The Bell Creek and Timmins West mines, gold mining activities are located in northeastern Ontario, Canada, as well as the development of the 144 Gap Deposit and the Whitney Project in northeastern Ontario, Canada.

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