Tahoe Resources Inc (NASDAQ:TAHO) – Equities research analysts at National Bank Financial decreased their Q3 2016 earnings per share (EPS) estimates for shares of Tahoe Resources in a note issued to investors on Wednesday. National Bank Financial analyst S. Parsons now anticipates that the firm will post earnings per share of $0.18 for the quarter, down from their previous forecast of $0.19. National Bank Financial also issued estimates for Tahoe Resources’ FY2017 earnings at $0.85 EPS.
Several other equities research analysts have also weighed in on TAHO. Zacks Investment Research raised Tahoe Resources from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Thursday, June 30th. HSBC reaffirmed a “buy” rating on shares of Tahoe Resources in a research report on Thursday, July 7th. TD Securities reaffirmed a “buy” rating and issued a $26.00 target price (up from $24.00) on shares of Tahoe Resources in a research report on Saturday, August 13th. Finally, Desjardins reaffirmed a “buy” rating on shares of Tahoe Resources in a research report on Wednesday, August 31st.
Tahoe Resources (NASDAQ:TAHO) opened at 11.04 on Friday. The firm’s market cap is $3.43 billion. Tahoe Resources has a 52 week low of $6.48 and a 52 week high of $17.01. The company has a 50-day moving average of $13.04 and a 200 day moving average of $13.55.
A hedge fund recently raised its stake in Tahoe Resources stock. Creative Planning raised its stake in Tahoe Resources Inc (NASDAQ:TAHO) by 4,550.0% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 9,300 shares of the company’s stock after buying an additional 9,100 shares during the period. Creative Planning’s holdings in Tahoe Resources were worth $119,000 as of its most recent SEC filing.
The firm also recently declared a monthly dividend, which will be paid on Thursday, October 27th. Stockholders of record on Thursday, October 20th will be paid a $0.02 dividend. The ex-dividend date is Tuesday, October 18th. This represents a $0.24 annualized dividend and a dividend yield of 2.17%.
About Tahoe Resources
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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