Is Tahoe Resources Inc. (TAHO) an Incredible Bargain?

Investors will get their next glimpse of TAHO’s Q4 earnings on March 07. Analysts are forecasting revenue to suffer decline of -47.4 percent to $132M in the next fiscal quarter, while earnings are seen soaring by nearly -104.17 percent to -$0.01 per share. History has shown that shares in Tahoe Resources Inc. have gone down on 8 different earnings reaction days and are predicted to add 0.05 percent when the company reports upcoming earnings. In last reported earnings results, it earned -$0.06 per share, worse than the $0, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $112M, worse than the $124M analysts expected. Earnings are estimated to increase by 11.1 percent this year, 93.3 percent next year and continue to increase by -2.5 percent annually for the next 5 years.

Tahoe Resources Inc. (TAHO) will probably climb 77.93 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $12.2price as 12-month high target. This represents a whopping 224.47 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $5, which represents a return potential of 32.98 percent when compared to the closing price of the stock of $3.76 on Thursday, January 10. The lowest price target for the stock is $4 — slightly more than 6.38 percent from TAHO’s current share price.

The stock is currently hovering around the first support level of $3.71. Below this, the next support is placed in the zone of $3.65. Till the time, the TAHO stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 65.74 on daily chart, which may remain a cause for concern. If the price breaks below $3.65 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $3.84 mark may result into a pull-back move towards $3.91 level.

On 10th of January, Tahoe Resources Inc. (NYSE:TAHO) shares ended lower after a volatile session. The shares dropped -0.09 points or -2.34 percent at $3.76 with a light trade volume of 3.481 million shares. After opening the session at $3.82, the shares went as high as $3.86 and as low as $3.73, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $1.18 billion and now has 313.31 million shares outstanding. Tahoe Resources Inc. (TAHO) stock has gained 6.21 percent of market value in 21 trading days.

TAHO stock has a trailing 3-year beta of 0, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$0.74 a share in the trailing twelve months. The stock’s value has surged 3.01 percent year to date (YTD) against a decline of -16.81 percent in 12 month’s time. The company’s shares still trade -33.21 percent away from its 1-year high of $5.63 and 72.87 percent up from 52-week low of $2.17. The average consensus rating on the company is 2, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.

Shares of Tahoe Resources Inc. (TAHO) are trading at a P/E ratio of 0 times earnings reported for the past 12 months. The industry TAHO operates in has an average P/E of 9.47. Its P/E ratio went as low as 0X and as high as 0 over the 5-year span. Further, it is sporting a 2.37 on the Price-to-Sales ratio. Compare this with the industry average P/S of 4.47. 0 percent is the gross profit margin for Tahoe Resources Inc. and operating margin sits at 0 percent. Along with this, the net profit margin is 0 percent.