Price Don’t Lie: Is Selling Tahoe Resources Inc Here a Winning Strategy?

Price Don't Lie: Is Selling Tahoe Resources Inc Here a Winning Strategy?

The stock of Tahoe Resources Inc (NYSE:TAHO) is a huge mover today! About 810,074 shares traded hands. Tahoe Resources Inc (NYSE:TAHO) has risen 14.38% since March 11, 2016 and is uptrending. It has outperformed by 8.93% the S&P500.
The move comes after 6 months negative chart setup for the $3.59 billion company. It was reported on Oct, 14 by Barchart.com. We have $10.33 PT which if reached, will make NYSE:TAHO worth $251.30 million 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 $51.70 million for 17.36 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. Bank of America initiated Tahoe Resources Inc (NYSE:TAHO) on Friday, April 15 with “Buy” rating. JP Morgan initiated Tahoe Resources Inc (NYSE:TAHO) on Friday, December 11 with “Overweight” rating. The company was upgraded on Thursday, October 8 by IBC. The firm has “Buy” rating given on Wednesday, August 31 by Desjardins Securities. Raymond James downgraded the shares of TAHO in a report on Wednesday, April 20 to “Outperform” 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 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 Forbes.com with their article: “Tahoe Resources Enters Oversold Territory (THO)” published on August 24, 2016, 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) were released by: Forbes.com and their article: “Tahoe Resources About To Put More Money In Your Pocket (TAHO)” published on July 15, 2016 as well as Nasdaq.com‘s news article titled: “Tahoe Resources, Inc. (TAHO) Ex-Dividend Date Scheduled for September 20, 2016” with publication date: September 19, 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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