Analysts predict that Tahoe Resources, Inc. (NYSE:TAHO) will post earnings per share of $0.10 for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Tahoe Resources’ earnings. The highest EPS estimate is $0.12 and the lowest is $0.09. Tahoe Resources posted earnings per share of $0.19 during the same quarter last year, which would indicate a negative year-over-year growth rate of 47.4%. The company is scheduled to report its next earnings results on Tuesday, August 8th.
According to Zacks, analysts expect that Tahoe Resources will report full year earnings of $0.49 per share for the current year, with EPS estimates ranging from $0.42 to $0.54. For the next fiscal year, analysts forecast that the company will report earnings of $0.60 per share, with EPS estimates ranging from $0.54 to $0.69. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that follow Tahoe Resources.
A number of analysts have recently weighed in on TAHO shares. Zacks Investment Research lowered shares of Tahoe Resources from a “hold” rating to a “sell” rating in a report on Tuesday, March 14th. Raymond James Financial, Inc. upgraded shares of Tahoe Resources from an “outperform” rating to a “strong-buy” rating in a report on Wednesday, April 5th. ValuEngine lowered shares of Tahoe Resources from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub lowered shares of Tahoe Resources from a “hold” rating to a “sell” rating in a report on Saturday, June 17th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Tahoe Resources presently has an average rating of “Buy” and an average target price of $19.50.
Shares of Tahoe Resources (TAHO) traded up 0.36% on Wednesday, hitting $8.30. The stock had a trading volume of 2,861,725 shares. The firm has a 50 day moving average of $8.91 and a 200-day moving average of $8.72. Tahoe Resources has a 1-year low of $7.12 and a 1-year high of $17.01. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 16.67 and a beta of 0.54.
The firm also recently announced a monthly dividend, which was paid on Thursday, June 29th. Shareholders of record on Thursday, June 22nd were paid a dividend of $0.02 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date was Tuesday, June 20th. Tahoe Resources’s dividend payout ratio is 48.98%.
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Several institutional investors have recently made changes to their positions in the stock. Essex Investment Management Co. LLC increased its position 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 worth $726,000 after buying an additional 48,751 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Tahoe Resources during the fourth quarter worth $5,054,000. BlueCrest Capital Management Ltd acquired a new position in shares of Tahoe Resources during the first quarter worth $1,482,000. Sigma Planning Corp increased its position 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 worth $206,000 after buying an additional 7,364 shares in the last quarter. Finally, Comerica Bank increased its position 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 worth $279,000 after buying an additional 11,673 shares in the last quarter. 64.17% of the stock is owned by institutional investors and hedge funds.
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.
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