Tahoe Resources Inc (TSE:THO) (NASDAQ:TAHO) – Equities researchers at National Bank Financial dropped their FY2017 earnings estimates for shares of Tahoe Resources in a note issued to investors on Wednesday. National Bank Financial analyst M. Parkin now anticipates that the company will post earnings of $0.57 per share for the year, down from their prior estimate of $0.74. National Bank Financial also issued estimates for Tahoe Resources’ FY2020 earnings at $0.80 EPS.
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Other equities research analysts have also issued research reports about the stock. Canaccord Genuity reduced their price objective on shares of Tahoe Resources from C$12.00 to C$9.00 and set a “buy” rating for the company in a research note on Wednesday. TD Securities reaffirmed a “buy” rating and issued a C$16.00 price objective on shares of Tahoe Resources in a research note on Wednesday, May 3rd. Raymond James Financial, Inc. reduced their price objective on shares of Tahoe Resources from C$15.75 to C$10.75 and set a “market perform” rating for the company in a research note on Friday, July 7th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Tahoe Resources in a research note on Thursday, July 6th. Finally, CSFB started coverage on shares of Tahoe Resources in a research note on Thursday, April 13th. They issued an “outperform” rating and a C$14.00 price objective for the company. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of C$12.31.
Shares of Tahoe Resources (TSE THO) traded up 2.27% during mid-day trading on Friday, reaching $6.75. The company had a trading volume of 67,677 shares. The company’s 50-day moving average is $8.00 and its 200 day moving average is $10.61. Tahoe Resources has a 52-week low of $6.32 and a 52-week high of $22.00. The stock has a market capitalization of $2.11 billion and a P/E ratio of 12.30.
The company also recently announced a monthly dividend, which was paid on Thursday, July 27th. Investors of record on Thursday, July 20th were issued a $0.02 dividend. The ex-dividend date was Tuesday, July 18th. This represents a $0.24 annualized dividend and a yield of 3.64%.
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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