Tahoe Resources Inc. (NYSE:TAHO) registered a 0.45% increase, still its new closing price is 26.54% up from the company’s 1 year high of 17.01.It posted 3.80% gains in previous 5 sessions and is now the subject of 1 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 2 buy or better ratings. The 6 stock analysts following this company have an average price target at $13.51, with individual PT in the $11.00-$15.00 range. The shares moved at $9.01, implying that brokerage firms see shares gaining about 10.69% in twelve months time.
Tahoe Resources Inc. (TAHO) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -4.35% fall year to date. A Director at Tahoe Resources Inc. (TAHO) offloaded shares in a transaction closed on Thursday November 20, 2014. McArthur, C. Kevin sold 84,200 shares in the company at $19.04 each and collected $1,603,000 in proceeds. McArthur, C. Kevin now owns 0 shares in the company after this transaction. A Director in the company, McArthur, C. Kevin, disclosed a transaction on Thursday November 20, 2014 that ended up generating $1,822,000 from the sale of 94,166 shares at $19.35 per share.
Tahoe Resources Inc. (NYSE:TAHO) Upcoming Results on Tap
Tahoe Resources Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.12 in that period. Sales during the quarter are predicted to arrive at $210.63 million.
Earnings surprise history: Last quarter, the company posted approximately $234.72 million in revenue and EPS of $0.20. The mean forecast was for $243.07 million and $0.19 a share, respectively. One quarter earlier, revenue for the stock was at $228.25 million, with earnings at $0.16/share.
Tahoe Resources Inc. (TAHO) Brokerage Update
Tahoe Resources Inc. (TAHO) is in JP Morgan’s research list so their analyst rating change is noteworthy. These shares were downgraded to Neutral from Overweight by JP Morgan, according to news reported on Tuesday January 10, 2017.Another important research note was issued by RBC Capital Mkts on Monday December 12, 2016.The firm upgraded TAHO to Outperform from Sector Perform. Over the last six months and over the last three months, the shares of Tahoe Resources Inc. (TAHO), have changed -41.95% and -26.39%, respectively.