Tahoe Resources (NYSE:TAHO) (TSE:THO) was the target of a large growth in short interest during the month of March. As of March 29th, there was short interest totalling 14,068,219 shares, a growth of 29.0% from the March 15th total of 10,903,558 shares. Currently, 4.6% of the shares of the company are sold short. Based on an average trading volume of 2,906,387 shares, the days-to-cover ratio is currently 4.8 days.
NYSE:TAHO opened at $5.40 on Monday. Tahoe Resources has a 1-year low of $3.76 and a 1-year high of $9.68. The firm has a market cap of $1,688.99, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 4.85 and a beta of 0.18.
Tahoe Resources (NYSE:TAHO) (TSE:THO) last issued its earnings results on Thursday, February 22nd. The basic materials company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.04). Tahoe Resources had a return on equity of 3.18% and a net margin of 11.15%. The firm had revenue of $117.70 million during the quarter, compared to analyst estimates of $129.88 million. During the same period in the previous year, the company earned $0.06 earnings per share. The business’s revenue for the quarter was down 37.9% on a year-over-year basis. equities analysts predict that Tahoe Resources will post 0.22 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of TAHO. Two Sigma Securities LLC acquired a new position in shares of Tahoe Resources during the 4th quarter valued at about $113,000. Bourgeon Capital Management LLC acquired a new position in shares of Tahoe Resources during the 4th quarter valued at about $120,000. Tower Research Capital LLC TRC increased its holdings in shares of Tahoe Resources by 454.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 27,127 shares of the basic materials company’s stock valued at $130,000 after acquiring an additional 22,234 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Tahoe Resources during the 4th quarter valued at about $132,000. Finally, MANA Advisors LLC acquired a new position in shares of Tahoe Resources during the 4th quarter valued at about $136,000. 62.93% of the stock is currently owned by institutional investors.
TAHO has been the subject of a number of recent research reports. Cantor Fitzgerald began coverage on Tahoe Resources in a research note on Wednesday, March 28th. They set a “buy” rating for the company. Zacks Investment Research upgraded Tahoe Resources from a “sell” rating to a “hold” rating in a research report on Saturday, March 24th. Credit Suisse Group lowered Tahoe Resources from an “outperform” rating to a “neutral” rating in a report on Friday, January 26th. Finally, ValuEngine lowered Tahoe Resources from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Tahoe Resources currently has an average rating of “Hold”.
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Tahoe Resources Company Profile
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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