Tahoe Resources Inc. (TAHO) shares saw a recent bid of $8.85 and 2.22M shares have exchanged hands in the recent trading session, yielding a -4.63% decline over the past week. The stock price decreased -1.78% or $0.16 versus $9.01 at the end of the prior session. This change led market cap to move at $2.76B, putting the price -47.97% below the 52-week high and 24.30% above the 52-week low. The company’s stock has a normal trading capacity of 3.05M shares while the relative volume is 0.73.
To stay one step ahead we extended our research by comparing different price targets. The stock notched a 12-month high of $15.55 while $19.00 target is by far the most aggressive out of analysts who are currently evaluating the company, $3.45 higher than the next highest 52-week price estimate. The lowest 12-month price target for the shares is $13.00, which would be an increase of about 47% of its current value. The mean target of $15.00 should be compared with the price when the stock was languishing around $7.12 a share. And it remains to be seen which target price TAHO can achieve without sacrificing much as the company is holding a -25.82% fall for the past twelve months.
By historical standards, Tahoe Resources Inc. remains a cheap stock. The company’s current price-earnings ratio amounts to times earnings, above the average P/E ratio of 88.71 times earnings. For now, Tahoe Resources Inc. is the toast of Wall Street as its ABR stands at 1.70 with 3 out of 6 analysts rating the stock a buy. Over the short term, some market observers may have noticed that Tahoe Resources Inc. has a 2.43% short float with 15 days to cover. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Tahoe Resources Inc. has far performed well this year, with the share price down -6.05% since January. Over the past 2 quarters, the stock is down -7.14%, compared with a gain of nearly 2.19% for 3 months and about 14.19% for the past 30 days.
Last time, the company shocked Wall Street by reporting EPS of $0.24, smashing the consensus of $0.09 per share. Revenue for the quarter also killed consensus, coming in at $251.05M, compared to the consensus of 215.46M. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.09. The company is expected to report EPS as high as $0.14 and as low as $0.06 per share. Similarly, full-year EPS forecasts have ranged between $0.40 and $0.58. The mean EPS estimate is $0.48. On the other side, sales forecasts for the current quarter are $220.21M. The stock is expected to report revenue as high as $227.14M and as low as $211.95M per share. Similarly, full-year sales forecasts have ranged between $877M and $948.06M. The mean revenue estimate is $909.18M.
Over the last 5 years, Tahoe Resources Inc. has averaged a -2.30% YoY EPS growth rate and a revenue growth rate. Analysts are expecting EPS growth rates to be at -17.20% this quarter and EPS estimate for next year reflect 16.70% growth rate.
Sell-side analysts also have something to say about this company. Raymond James raised its rating on Tahoe Resources Inc. to Strong Buy on 05/04/2017 in a reversal from its prior Outperform rating. JP Morgan had a markedly different take on 10/01/2017, proposing that Tahoe Resources Inc. is now considered Neutral versus prior Overweight rating. RBC Capital Mkts raised its rating on Tahoe Resources Inc. to Outperform on 12/12/2016 in a reversal from its prior Sector Perform rating. Raymond James had a markedly different take on 20/04/2016, proposing that Tahoe Resources Inc. is now considered Outperform versus prior Strong Buy rating.