Tahoe Resources (TAHO) Hits New 12-Month Low at $3.72

Tahoe Resources Inc (NYSE:TAHO) (TSE:THO)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $3.72 and last traded at $3.71, with a volume of 6262870 shares. The stock had previously closed at $3.89.

A number of equities analysts have issued reports on TAHO shares. TheStreet cut shares of Tahoe Resources from a “c” rating to a “d+” rating in a research report on Tuesday, May 22nd. Zacks Investment Research cut shares of Tahoe Resources from a “hold” rating to a “sell” rating in a research report on Thursday, April 26th. Finally, ValuEngine upgraded shares of Tahoe Resources from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 16th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold”.

The company has a current ratio of 1.97, a quick ratio of 0.95 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $1.36 billion, a PE ratio of 14.48 and a beta of 0.11.

Tahoe Resources (NYSE:TAHO) (TSE:THO) last announced its earnings results on Wednesday, August 1st. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The business had revenue of $127.13 million for the quarter, compared to analyst estimates of $129.33 million. Tahoe Resources had a negative return on equity of 1.80% and a negative net margin of 9.04%. The business’s revenue was down 39.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 EPS. research analysts forecast that Tahoe Resources Inc will post -0.05 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of TAHO. Renaissance Technologies LLC grew its holdings in shares of Tahoe Resources by 68.2% during the fourth quarter. Renaissance Technologies LLC now owns 46,900 shares of the basic materials company’s stock worth $226,000 after buying an additional 19,023 shares in the last quarter. Global X Management Co. LLC grew its holdings in shares of Tahoe Resources by 5.9% during the first quarter. Global X Management Co. LLC now owns 4,559,379 shares of the basic materials company’s stock worth $21,396,000 after buying an additional 254,310 shares in the last quarter. Wedbush Securities Inc. purchased a new stake in shares of Tahoe Resources during the first quarter worth about $639,000. Advisors Preferred LLC grew its holdings in shares of Tahoe Resources by 350.5% during the first quarter. Advisors Preferred LLC now owns 30,347 shares of the basic materials company’s stock worth $142,000 after buying an additional 23,610 shares in the last quarter. Finally, Frontier Capital Management Co. LLC purchased a new stake in shares of Tahoe Resources during the first quarter worth about $20,889,000. Institutional investors and hedge funds own 62.20% of the company’s stock.

Tahoe Resources Company Profile (NYSE:TAHO)

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.

Featured Article: Closed-End Mutual Funds (CEFs)

Receive News & Ratings for Tahoe Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tahoe Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply