TheStreet lowered shares of Tahoe Resources (NYSE:TAHO) (TSE:THO) from a c rating to a d+ rating in a report published on Tuesday.
A number of other research analysts also recently weighed in on TAHO. Cantor Fitzgerald assumed coverage on Tahoe Resources in a research note on Wednesday, March 28th. They set a buy rating on the stock. Zacks Investment Research downgraded Tahoe Resources from a hold rating to a sell rating in a research note on Thursday, April 26th. ValuEngine downgraded Tahoe Resources from a sell rating to a strong sell rating in a research note on Monday, April 2nd. Finally, Credit Suisse Group downgraded Tahoe Resources from an outperform rating to a neutral rating in a research note on Friday, January 26th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Tahoe Resources has an average rating of Hold.
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Tahoe Resources opened at $5.30 on Tuesday, MarketBeat reports. Tahoe Resources has a fifty-two week low of $3.76 and a fifty-two week high of $9.44. The company has a market cap of $1.60 billion, a P/E ratio of 19.63, a PEG ratio of 4.31 and a beta of 0.16.
Tahoe Resources (NYSE:TAHO) (TSE:THO) last posted its quarterly earnings results on Wednesday, May 2nd. The basic materials company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). Tahoe Resources had a return on equity of 0.07% and a net margin of 0.04%. The firm had revenue of $139.90 million for the quarter, compared to analyst estimates of $137.42 million. During the same period last year, the company posted $0.24 earnings per share. The firm’s quarterly revenue was down 44.3% compared to the same quarter last year. analysts anticipate that Tahoe Resources will post 0.24 earnings per share for the current year.
Institutional investors and hedge funds have recently modified their holdings of the business. Private Advisor Group LLC bought a new stake in Tahoe Resources during the 1st quarter worth approximately $101,000. BNP Paribas Arbitrage SA increased its holdings in Tahoe Resources by 117,368.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 22,319 shares of the basic materials company’s stock worth $105,000 after purchasing an additional 22,300 shares in the last quarter. Two Sigma Securities LLC bought a new stake in Tahoe Resources during the 4th quarter worth approximately $113,000. Bourgeon Capital Management LLC bought a new stake in Tahoe Resources during the 4th quarter worth approximately $120,000. Finally, Tower Research Capital LLC TRC increased its holdings in Tahoe Resources by 454.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 27,127 shares of the basic materials company’s stock worth $130,000 after purchasing an additional 22,234 shares in the last quarter. 62.63% 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.