Tahoe Resources, Inc. (NYSE:TAHO) Cut to "Hold" at TD Securities
Jul 07 2017 by Johnny Bowman
The correct version of this report can be viewed at https://www.themarketsdaily.com/2017/07/06/tahoe-resources-inc-nysetaho-cut-to-hold-at-td-securities.html. South Dakota Council has invested 0.17% of its portfolio in Tahoe Resources Inc (TSE:THO). Comerica Bank raised its stake in shares of Tahoe Resources by 60.5% in the fourth quarter. The company's stock was at its highest in more than 10 years after Air Canada announced analyst forecasts had significantly underestimated one of its earnings benchmarks. Breaking that down further, it has performed -4.05% for the week, -5.90% for the month, 1.22% over the last quarter, -16.08% for the past half-year and -46.17% for this previous year. Zacks Investment Research's earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Tahoe Resources.
A bullish investor could look at TAHO's 16.2 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The stock of Tahoe Resources Inc (TSE:THO) earned "Outperform" rating by RBC Capital Markets on Wednesday, January 27. Raymond James Financial, Inc. cut shares of Tahoe Resources from a "strong-buy" rating to an "outperform" rating in a research note on Friday, June 23rd. The 52-week range is $10.13 to $14.87 and the consensus target price is $15.55.
Tahoe Resources, Inc. (TAHO) now has P/E (Price to Earnings) ratio of 0 while the company's industry has 85.4 P/E and the sector P/E is 36.37.
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Tahoe Resources (NYSE TAHO) traded down 33.01% on Monday, reaching $5.56. 2,861,725 shares of the company's stock traded hands. From the opening price, the stock has seen a change of 0.00% recently clocking in with a price of $2.32. Tahoe Resources Inc (NYSE:TAHO) has declined 23.51% since July 6, 2016 and is downtrending. (NYSE:TAHO) was up 0.36% at $8.30 on Wednesday, in a 52-week range of $7.12 to $17.01 and with a consensus analyst target price of $11.86. The dividend payment was $0.060 per share for the quarter or $0.24 annualized. The difference between the expected and actual EPS was $0.15/share, which represents an Earnings surprise of 166.7%. The ex-dividend date was set for Tuesday the 20th of June 2017. Highbridge Capital Management LLC acquired a new stake in Tahoe Resources during the fourth quarter valued at about $170,000. IBC upgraded the shares of TAHO in report on Thursday, October 8 to "Sector Outperform" rating. Airain Ltd has 0.05% invested in Tahoe Resources Inc (TSE:THO). BlueCrest Capital Management Ltd purchased a new position in Tahoe Resources during the first quarter worth about $1,482,000. During such technical setups, fundamental investors usually stay away and are careful buying the stock. Amalgamated Bank now owns 43,188 shares of the basic materials company's stock worth $347,000 after buying an additional 1,395 shares during the period.
For the next 5 years, Tahoe Resources Inc.is expecting Growth of 5% per annum, whereas in the past 5 years the growth was -2.3% per annum. 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. The Company's business involves operating the Escobal mine, a silver mining operation located in southeastern Guatemala, the La Arena and Shahuindo mines, gold mining activities located in northwestern Peru, and the Bell Creek mine and mill and the Timmins West mine, gold mining activities located in northeastern Ontario, Canada.