Wall Street brokerages forecast that Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) will report ($0.01) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Tahoe Resources’ earnings. The lowest EPS estimate is ($0.03) and the highest is $0.00. Tahoe Resources reported earnings per share of $0.06 in the same quarter last year, which suggests a negative year over year growth rate of 116.7%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Thursday, February 22nd.

According to Zacks, analysts expect that Tahoe Resources will report full-year earnings of $0.30 per share for the current fiscal year, with EPS estimates ranging from $0.28 to $0.33. For the next financial year, analysts expect that the firm will report earnings of $0.37 per share, with EPS estimates ranging from $0.26 to $0.56. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Tahoe Resources.

Several equities research analysts recently commented on TAHO shares. BidaskClub cut Tahoe Resources from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 18th. Zacks Investment Research downgraded Tahoe Resources from a “hold” rating to a “sell” rating in a report on Thursday, January 25th. Finally, Credit Suisse Group downgraded Tahoe Resources from an “outperform” rating to a “neutral” rating in a report on Friday, January 26th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. Tahoe Resources currently has an average rating of “Hold”.

Hedge funds have recently bought and sold shares of the business. Two Sigma Securities LLC bought a new position in shares of Tahoe Resources in the fourth quarter worth about $113,000. Bourgeon Capital Management LLC bought a new position in shares of Tahoe Resources in the fourth quarter worth about $120,000. Tower Research Capital LLC TRC raised its stake in shares of Tahoe Resources by 454.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 27,127 shares of the basic materials company’s stock worth $130,000 after buying an additional 22,234 shares during the period. State of Alaska Department of Revenue bought a new position in shares of Tahoe Resources in the fourth quarter worth about $132,000. Finally, MANA Advisors LLC bought a new position in shares of Tahoe Resources in the fourth quarter worth about $136,000. 64.58% of the stock is currently owned by institutional investors.

Tahoe Resources (NYSE:TAHO) traded up $0.16 during trading on Wednesday, hitting $4.04. The company had a trading volume of 3,946,665 shares, compared to its average volume of 3,079,866. Tahoe Resources has a 12 month low of $3.76 and a 12 month high of $9.68. The stock has a market capitalization of $1,210.00, a PE ratio of 13.03, a PEG ratio of 2.26 and a beta of 0.40.

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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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