Brokers Set Expectations for Tahoe Resources Inc’s FY2017 Earnings (THO)
Tahoe Resources Inc (TSE:THO) (NASDAQ:TAHO) – Equities research analysts at Beacon Securities cut their FY2017 EPS estimates for shares of Tahoe Resources in a research report issued to clients and investors on Tuesday. Beacon Securities analyst M. Curran now expects that the company will post earnings of $0.42 per share for the year, down from their previous estimate of $0.48. Beacon Securities also issued estimates for Tahoe Resources’ Q4 2017 earnings at $0.00 EPS and FY2018 earnings at $0.71 EPS.
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THO has been the subject of a number of other reports. CSFB upgraded Tahoe Resources from a “neutral” rating to an “outperform” rating and set a C$9.25 price objective for the company in a research report on Monday, September 11th. TD Securities decreased their price objective on Tahoe Resources from C$8.50 to C$8.00 in a research report on Wednesday, October 11th. Canaccord Genuity decreased their price objective on Tahoe Resources from C$11.00 to C$10.50 in a research report on Friday, October 20th. National Bank Financial decreased their price objective on Tahoe Resources from C$8.50 to C$7.50 and set a “sector perform” rating for the company in a research report on Friday, August 25th. Finally, CIBC raised their price target on Tahoe Resources from C$7.00 to C$8.00 in a research note on Tuesday, September 12th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of C$10.35.
Shares of Tahoe Resources (THO) opened at C$5.53 on Thursday. Tahoe Resources has a 1 year low of C$5.31 and a 1 year high of C$15.11.
In other news, insider James Voorhees purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was bought at an average cost of C$5.41 per share, with a total value of C$27,050.00.
Tahoe Resources Company Profile
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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