Tahoe Resources Inc (TSE:THO) – Investment analysts at National Bank Financial cut their Q3 2016 earnings per share (EPS) estimates for Tahoe Resources in a research note issued on Wednesday. National Bank Financial analyst S. Parsons now expects that the brokerage will earn $0.24 per share for the quarter, down from their previous forecast of $0.25.
A number of other research firms have also recently issued reports on THO. Raymond James Financial Inc. boosted their price objective on shares of Tahoe Resources from C$22.25 to C$24.50 in a research report on Friday, September 23rd. Desjardins restated a “buy” rating on shares of Tahoe Resources in a research report on Tuesday, August 30th. CSFB set a C$22.00 price objective on shares of Tahoe Resources in a research report on Thursday, June 30th. Canaccord Genuity boosted their price objective on shares of Tahoe Resources from C$20.00 to C$25.00 in a research report on Tuesday, July 12th. Finally, TD Securities boosted their price objective on shares of Tahoe Resources from C$24.00 to C$26.00 and gave the company a “buy” rating in a research report on Thursday, August 11th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of C$20.97.
Tahoe Resources (TSE:THO) traded down 4.06% during trading on Friday, hitting $14.64. 449,800 shares of the stock were exchanged. The stock has a 50 day moving average of $17.27 and a 200-day moving average of $17.57. The stock’s market cap is $4.55 billion. Tahoe Resources has a 52 week low of $9.45 and a 52 week high of $22.13.
Tahoe Resources Company Profile
Tahoe Resources Inc is a mine operating, mineral exploration and development company. The Company’s principal business activities are to operate 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.
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