National Bank Financial Comments on Tahoe Resources Inc’s FY2019 Earnings (THO)
Tahoe Resources Inc (TSE:THO) (NASDAQ:TAHO) – Stock analysts at National Bank Financial boosted their FY2019 earnings per share estimates for shares of Tahoe Resources in a research note issued to investors on Tuesday. National Bank Financial analyst M. Parkin now expects that the company will post earnings per share of $0.88 for the year, up from their prior forecast of $0.78. National Bank Financial currently has a “Sector Perform” rating and a $7.25 target price on the stock. National Bank Financial also issued estimates for Tahoe Resources’ FY2020 earnings at $1.00 EPS.
A number of other equities research analysts also recently issued reports on the stock. Eight Capital reaffirmed a “neutral” rating on shares of Tahoe Resources in a research note on Thursday, August 17th. Canaccord Genuity decreased their price target on shares of Tahoe Resources from C$12.00 to C$9.00 and set a “buy” rating on the stock in a research note on Wednesday, August 9th. CIBC decreased their price target on shares of Tahoe Resources from C$8.00 to C$7.75 in a research note on Monday, September 25th. BMO Capital Markets decreased their price target on shares of Tahoe Resources from C$10.00 to C$7.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 12th. Finally, TD Securities decreased their price target on shares of Tahoe Resources from C$8.50 to C$8.00 in a research note on Wednesday, October 11th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Tahoe Resources has a consensus rating of “Hold” and a consensus target price of C$10.35.
Tahoe Resources (TSE:THO) traded up C$0.05 during mid-day trading on Thursday, hitting C$5.53. 717,282 shares of the stock traded hands, compared to its average volume of 1,370,151. 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 acquired 5,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were acquired at an average price of C$5.41 per share, for a total transaction of C$27,050.00.
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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