Tahoe Resources (NYSE:TAHO) (TSE:THO) issued its quarterly earnings data on Tuesday. The basic materials company reported ($0.06) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.06), Briefing.com reports. The firm had revenue of $111.80 million for the quarter, compared to analysts’ expectations of $117.71 million. Tahoe Resources had a negative net margin of 9.04% and a negative return on equity of 1.80%. The company’s quarterly revenue was down 28.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.02) earnings per share.
Tahoe Resources stock traded down $0.02 during trading hours on Wednesday, hitting $2.47. 229,355 shares of the stock were exchanged, compared to its average volume of 2,866,476. 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 $789.55 million, a price-to-earnings ratio of 9.06 and a beta of 0.32. Tahoe Resources has a 12 month low of $2.35 and a 12 month high of $5.63.
Several brokerages have weighed in on TAHO. Zacks Investment Research cut shares of Tahoe Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 10th. BMO Capital Markets decreased their price objective on shares of Tahoe Resources from $8.50 to $7.50 and set an “outperform” rating on the stock in a research note on Monday, September 10th. Finally, Beacon Securities cut shares of Tahoe Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $7.50.
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About Tahoe Resources
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.
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