Brokerages expect Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) to post earnings per share (EPS) of $0.02 for the current quarter, Zacks reports. Zero analysts have provided estimates for Tahoe Resources’ earnings. The lowest EPS estimate is $0.01 and the highest is $0.02. Tahoe Resources reported earnings of $0.24 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 91.7%. The business is expected to report its next earnings results on Tuesday, May 1st.

On average, analysts expect that Tahoe Resources will report full-year earnings of $0.27 per share for the current financial year, with EPS estimates ranging from $0.26 to $0.28. For the next year, analysts anticipate that the business will report earnings of $0.60 per share, with EPS estimates ranging from $0.40 to $1.01. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Tahoe Resources.

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Tahoe Resources (NYSE:TAHO) (TSE:THO) last issued its earnings results on Thursday, February 22nd. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.04). The business had revenue of $117.70 million for the quarter, compared to the consensus estimate of $129.88 million. Tahoe Resources had a net margin of 11.15% and a return on equity of 3.18%. The firm’s revenue for the quarter was down 37.9% compared to the same quarter last year. During the same period last year, the business posted $0.06 EPS.

Several research firms have weighed in on TAHO. Zacks Investment Research cut Tahoe Resources from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. ValuEngine cut Tahoe Resources from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Finally, Credit Suisse Group cut Tahoe Resources from an “outperform” rating to a “neutral” rating in a report on Friday, January 26th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold”.

Tahoe Resources (NYSE:TAHO) opened at $4.76 on Tuesday. The firm has a market capitalization of $1,510.71, a P/E ratio of 18.31, a price-to-earnings-growth ratio of 3.58 and a beta of 0.25. Tahoe Resources has a 1-year low of $3.76 and a 1-year high of $9.68.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TAHO. Aperio Group LLC grew its holdings in Tahoe Resources by 58.5% during the 3rd quarter. Aperio Group LLC now owns 32,795 shares of the basic materials company’s stock valued at $173,000 after buying an additional 12,109 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Tahoe Resources during the 3rd quarter valued at approximately $1,794,000. DekaBank Deutsche Girozentrale boosted its holdings in shares of Tahoe Resources by 10.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 507,406 shares of the basic materials company’s stock worth $2,845,000 after purchasing an additional 48,766 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Tahoe Resources by 52.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,576,502 shares of the basic materials company’s stock worth $8,308,000 after purchasing an additional 541,323 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Tahoe Resources by 782.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,223,130 shares of the basic materials company’s stock worth $11,672,000 after purchasing an additional 1,971,259 shares during the period. Institutional investors and hedge funds own 62.94% of the company’s stock.

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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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