Today’s Market Runner: Can Tahoe Resources Inc’s Tomorrow Be Different? The Stock Increases Again

Today's Market Runner: Can Tahoe Resources Inc's Tomorrow Be Different? The Stock Increases Again

The stock of Tahoe Resources Inc (NYSE:TAHO) is a huge mover today! About 1.72 million shares traded hands. Tahoe Resources Inc (NYSE:TAHO) has risen 10.20% since April 5, 2016 and is uptrending. It has outperformed by 8.25% the S&P500.
The move comes after 8 months positive chart setup for the $3.39B company. It was reported on Nov, 8 by Barchart.com. We have $13.68 PT which if reached, will make NYSE:TAHO worth $813.60 million more.

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 $49.17 million for 17.23 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 firm has “Sector Outperform” rating given on Thursday, October 8 by IBC. The company was initiated on Friday, December 11 by JP Morgan. The firm has “Outperform” rating given on Wednesday, April 20 by Raymond James. Bank of America initiated the stock with “Buy” rating in Friday, April 15 report. Desjardins Securities initiated the shares of TAHO in a report on Wednesday, August 31 with “Buy” rating.

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 news for Tahoe Resources Inc (NYSE:TAHO) were recently published by: Prnewswire.com, which released: “Tahoe Resources Declares Eleventh Monthly Dividend For 2016” on November 03, 2016. Prnewswire.com‘s article titled: “Tahoe Resources Recommends Shareholders Reject TRC Capital’s “Mini-Tender” Offer” and published on October 10, 2016 is yet another important article.

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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