The stock of Tahoe Resources Inc (NYSE:TAHO) is a huge mover today! About 427,417 shares traded hands. Tahoe Resources Inc (NYSE:TAHO) has declined 25.30% since April 25, 2016 and is downtrending. It has underperformed by 31.32% the S&P500.
The move comes after 6 months positive chart setup for the $2.88 billion company. It was reported on Nov, 28 by Barchart.com. We have $10.11 PT which if reached, will make NYSE:TAHO worth $172.80M more.
Analysts await Tahoe Resources Inc (NYSE:TAHO) to report earnings on March, 8. They expect $0.18 earnings per share, down 18.18% or $0.04 from last year’s $0.22 per share. TAHO’s profit will be $54.34 million for 13.25 P/E if the $0.18 EPS becomes a reality. After $0.21 actual earnings per share reported by Tahoe Resources Inc for the previous quarter, Wall Street now forecasts -14.29% 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 initiated by JP Morgan on Friday, December 11 with “Overweight”. The firm earned “Buy” rating on Wednesday, August 31 by Desjardins Securities. On Wednesday, April 20 the stock rating was downgraded by Raymond James to “Outperform”. On Thursday, October 8 the stock rating was upgraded by IBC to “Sector Outperform”. Bank of America initiated the stock with “Buy” rating in Friday, April 15 report.
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 recent Tahoe Resources Inc (NYSE:TAHO) news were published by: Prnewswire.com which released: “Tahoe Resources Reports Normal Production Levels At Escobal During La Cuchilla …” on November 14, 2016. Also Prnewswire.com published the news titled: “Tahoe Resources Reports Third Quarter Results” on November 03, 2016. Nasdaq.com‘s news article titled: “Tahoe Resources, Inc. (TAHO) Ex-Dividend Date Scheduled for November 14, 2016” with publication date: November 11, 2016 was also an interesting one.
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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