Tahoe Resources (TAHO) to Post FY2018 Earnings of $0.21 Per Share, National Bank Financial Forecasts

Tahoe Resources (NYSE:TAHO) (TSE:THO) – Research analysts at National Bank Financial dropped their FY2018 earnings estimates for shares of Tahoe Resources in a research report issued on Thursday, May 3rd. National Bank Financial analyst M. Parkin now anticipates that the basic materials company will post earnings of $0.21 per share for the year, down from their prior estimate of $0.23. National Bank Financial also issued estimates for Tahoe Resources’ FY2019 earnings at $0.49 EPS.

Tahoe Resources (NYSE:TAHO) (TSE:THO) last issued its quarterly earnings results on Wednesday, May 2nd. The basic materials company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The business had revenue of $139.90 million for the quarter, compared to the consensus estimate of $137.42 million. Tahoe Resources had a net margin of 0.04% and a return on equity of 0.07%. The firm’s revenue was down 44.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.24 earnings per share.

A number of other analysts have also weighed in on TAHO. Zacks Investment Research lowered Tahoe Resources from a “hold” rating to a “sell” rating in a research note on Thursday, April 26th. Cantor Fitzgerald began coverage on Tahoe Resources in a research note on Wednesday, March 28th. They set a “buy” rating for the company. ValuEngine lowered Tahoe Resources from a “sell” rating to a “strong sell” rating in a research note on Monday, April 2nd. Finally, Credit Suisse Group lowered Tahoe Resources from an “outperform” rating to a “neutral” rating in a research note on Friday, January 26th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold”.

NYSE:TAHO opened at $5.01 on Monday. The company has a market cap of $1,567.01, a PE ratio of 18.56, a P/E/G ratio of 4.50 and a beta of 0.16. Tahoe Resources has a fifty-two week low of $3.76 and a fifty-two week high of $9.68.

Large investors have recently added to or reduced their stakes in the company. AGF Investments Inc. lifted its stake in Tahoe Resources by 3.7% in the first quarter. AGF Investments Inc. now owns 830,493 shares of the basic materials company’s stock worth $3,900,000 after acquiring an additional 29,603 shares during the period. Swiss National Bank lifted its stake in Tahoe Resources by 7.3% in the first quarter. Swiss National Bank now owns 562,601 shares of the basic materials company’s stock worth $2,639,000 after acquiring an additional 38,400 shares during the period. State Board of Administration of Florida Retirement System lifted its stake in Tahoe Resources by 14.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 403,784 shares of the basic materials company’s stock worth $1,894,000 after acquiring an additional 52,100 shares during the period. American Century Companies Inc. lifted its stake in Tahoe Resources by 119.6% in the first quarter. American Century Companies Inc. now owns 905,168 shares of the basic materials company’s stock worth $4,246,000 after acquiring an additional 492,968 shares during the period. Finally, Frontier Capital Management Co. LLC purchased a new stake in Tahoe Resources in the first quarter worth $20,889,000. 62.43% of the stock is owned by hedge funds and other institutional investors.

Tahoe Resources Company Profile

Tahoe Resources Inc, together with its subsidiaries, acquires, explores for, develops, and operates mineral properties in the Americas. It explores for silver, gold, lead, zinc, and copper deposits, as well as precious metals assets. The company holds interest in the La Arena gold mine located in the Huamachuco district of northern Peru; Shahuindo mine located in the province of Cajabamba in northern Peru; and La Arena II, a copper-gold porphyry deposit located in Peru.

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