Analyst Ratings for Tahoe Resources Inc. (TAHO)Updated: 2017-07-28
Shares of Tahoe Resources Inc. (NYSE:TAHO) have received a consensus rating of Overweight from Wall Street analysts. TAHO had previously received a consensus rating of Buy a month ago.
A buy rating was issued by 5 analysts, 0 gave an overweight rating, 10 issued a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Today, there are 9 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.
Several price targets were given for TAHO by the analysts covering the stock. The most optimistic analyst gave a price target of 17, implying a possible profit of 204.39 percent. The most pessimistic analyst gave a price target of 7.25, which equates to a potential downside of 29.81 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -7.14 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 0 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -29.09 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -17.29 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. 2 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 1 analysts that decreased their estimates. Over the same time period, 2 analysts revised their FY earnings estimates upwards, compared to 5 analysts that revised their FY estimates downwards.
Analysts estimate earnings of TAHO to grow at a rate of -39.24 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. TAHO has a PEG ratio of -0.22.
TAHO has traded between a high of 17.01 and a low of 4.93 over the past year. Currently the stock is 13.29 percent higher than its low, and 67.17 percent below the high. TAHO has a price/earnings ratio of 8.67. Investors typically compare the P/E ratio to a company's peers in the industry. The TAHO value stock report compares TAHO to some of its peers using value stock charts. The market cap of TAHO is $2.16 billion. TAHO is estimated to release their earnings results for the quarter on 0000-00-00, days from today.