Tahoe Resources (TAHO) Hits New 1-Year Low at $4.22

Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $4.22 and last traded at $4.36, with a volume of 2324800 shares trading hands. The stock had previously closed at $4.39.

A number of research firms recently issued reports on TAHO. Credit Suisse Group upgraded Tahoe Resources from a “neutral” rating to an “outperform” rating in a report on Monday, September 11th. BMO Capital Markets upgraded Tahoe Resources from a “market perform” rating to an “outperform” rating in a report on Monday, September 11th. ValuEngine lowered Tahoe Resources from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, BidaskClub lowered Tahoe Resources from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. Tahoe Resources has an average rating of “Hold” and a consensus price target of $15.00.

The stock has a market capitalization of $1,360.00, a price-to-earnings ratio of 11.26, a PEG ratio of 2.66 and a beta of 0.38.

Tahoe Resources (NYSE:TAHO) (TSE:THO) last announced its quarterly earnings results on Monday, November 6th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). The business had revenue of $155.20 million for the quarter, compared to analysts’ expectations of $127.12 million. Tahoe Resources had a return on equity of 4.57% and a net margin of 12.44%. The firm’s quarterly revenue was down 33.9% on a year-over-year basis. During the same period last year, the firm earned $0.21 earnings per share. analysts expect that Tahoe Resources Inc will post 0.33 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Alps Advisors Inc. lifted its holdings in Tahoe Resources by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 66,787 shares of the basic materials company’s stock worth $576,000 after buying an additional 173 shares during the last quarter. State of Wisconsin Investment Board lifted its holdings in Tahoe Resources by 2.4% during the 2nd quarter. State of Wisconsin Investment Board now owns 61,493 shares of the basic materials company’s stock worth $530,000 after buying an additional 1,430 shares during the last quarter. Utah Retirement Systems increased its position in shares of Tahoe Resources by 3.1% during the second quarter. Utah Retirement Systems now owns 56,500 shares of the basic materials company’s stock worth $487,000 after purchasing an additional 1,700 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Tahoe Resources by 7.1% during the second quarter. Ameriprise Financial Inc. now owns 37,604 shares of the basic materials company’s stock worth $321,000 after purchasing an additional 2,480 shares in the last quarter. Finally, Aperio Group LLC increased its position in shares of Tahoe Resources by 16.4% during the second quarter. Aperio Group LLC now owns 20,686 shares of the basic materials company’s stock worth $178,000 after purchasing an additional 2,916 shares in the last quarter. 64.44% of the stock is owned by institutional investors.

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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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