The stock of Tahoe Resources Inc (NYSE:TAHO) is a huge mover today! The stock decreased 2.73% or $0.36 during the last trading session, hitting $12.83. About 2.22M shares traded hands or 2.78% up from the average. Tahoe Resources Inc (NYSE:TAHO) has risen 38.85% since February 29, 2016 and is uptrending. It has outperformed by 28.43% the S&P500.
The move comes after 8 months negative chart setup for the $4.10B company. It was reported on Oct, 1 by Barchart.com. We have $11.80 PT which if reached, will make NYSE:TAHO worth $328.00M less.
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 $51.13 million for 20.05 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. The firm earned “Buy” rating on Wednesday, August 31 by Desjardins Securities. The stock of Tahoe Resources Inc (NYSE:TAHO) earned “Overweight” rating by JP Morgan on Friday, December 11. The firm earned “Sector Outperform” rating on Thursday, October 8 by IBC. The rating was downgraded by Raymond James to “Outperform” on Wednesday, April 20. The stock of Tahoe Resources Inc (NYSE:TAHO) has “Buy” rating given on Friday, April 15 by Bank of America.
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 notable recent Tahoe Resources Inc (NYSE:TAHO) news were published by: Forbes.com which released: “Ex-Div Reminder for Tahoe Resources (TAHO)” on September 16, 2016, also Prnewswire.com with their article: “Tahoe Resources Inc. And Lake Shore Gold Corp. Complete Business Combination …” published on April 01, 2016, Prnewswire.com published: “Tahoe Resources and Lake Shore Gold Announce Business Combination” on February 08, 2016. More interesting news about Tahoe Resources Inc (NYSE:TAHO) were released by: Prnewswire.com and their article: “Tahoe Resources Reports Record Production And Cash Flow” published on March 09, 2016 as well as Forbes.com‘s news article titled: “Tahoe Resources Enters Oversold Territory (THO)” with publication date: August 24, 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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