M Partners Comments on Tahoe Resources Inc’s FY2018 Earnings (THO)
Tahoe Resources Inc (TSE:THO) (NASDAQ:TAHO) – Research analysts at M Partners lowered their FY2018 earnings estimates for shares of Tahoe Resources in a report released on Wednesday, November 14th, according to Zacks Investment Research. M Partners analyst B. Berhe now anticipates that the company will post earnings of ($0.26) per share for the year, down from their prior estimate of ($0.18).
Tahoe Resources (TSE:THO) (NASDAQ:TAHO) last announced its quarterly earnings results on Tuesday, November 6th. The company reported C($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.07) by C($0.01). The firm had revenue of C$146.10 million during the quarter.
Shares of Tahoe Resources stock remained flat at $C$4.76 during trading hours on Friday. The stock had a trading volume of 709,100 shares, compared to its average volume of 934,747. Tahoe Resources has a twelve month low of C$2.88 and a twelve month high of C$7.27. The company has a current ratio of 1.82, a quick ratio of 0.70 and a debt-to-equity ratio of 4.23.
About Tahoe Resources
Tahoe Resources Inc, together with its subsidiaries, acquires, explores for, develops, and operates mineral properties in the Americas. It explores for silver, gold, lead, zinc, and copper deposits, as well as precious metals assets. The company holds interest in the La Arena gold mine located in the Huamachuco district of northern Peru; Shahuindo mine located in the province of Cajabamba in northern Peru; and La Arena II, a copper-gold porphyry deposit located in Peru.
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