Tahoe Resources Inc (TAHO) was Resumed by BofA/Merrill to “Buy”. BofA/Merrill advised their investors in a research report released on Apr 15, 2016.
Many Wall Street Analysts have commented on Tahoe Resources Inc. Shares were Downgraded by RBC Capital Mkts on Feb 10, 2016 to ” Sector Perform” and Lowered the Price Target to $ 13 from a previous price target of $15 .Tahoe Resources Inc was Upgraded by Raymond James to ” Strong Buy” on Feb 9, 2016.
On the company’s financial health, Tahoe Resources Inc reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Nov 12, 2015. Analyst had a consensus of $0.10. The company had revenue of $145.70 million for the quarter, compared to analysts expectations of $140.52 million. The company’s revenue was up 61.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.
Tahoe Resources Inc opened for trading at $11.68 and hit $12.28 on the upside on Monday, eventually ending the session at $12.15, with a gain of 7.05% or 0.8 points. The heightened volatility saw the trading volume jump to 26,95,414 shares. Company has a market cap of $2,763 M.
Tahoe Resources Inc. is a mineral exploration development and mine operating company. The Company’s principal business activity is to operate the Escobal mine a mining operation in southeastern Guatemala. The Escobal deposit is an intermediate-sulfidation fault-related vein formed within Tertiary sedimentary and volcanic rocks within the Caribbean plate. The Escobal vein system hosts silver gold lead and zinc with an associated epithermal suite of elements within quartz and quartz-carbonate veins. It is also engaged in the acquisition exploration development and operation of mineral properties in the Americas for the mining of precious metals. The Company produces metal-bearing concentrates. Silver gold lead and zinc are recovered by differential flotation producing silver-rich lead concentrates and zinc concentrates which are sold to third-party smelters under concentrate sales arrangements.