Tahoe Resources Now Covered by Analysts at Canaccord Genuity (TAHO)
Research analysts at Canaccord Genuity initiated coverage on shares of Tahoe Resources (NASDAQ:TAHO) in a report released on Thursday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Tahoe Resources (NASDAQ:TAHO) traded up 4.45% on Thursday, hitting $18.77. 38,642 shares of the company’s stock traded hands. Tahoe Resources has a one year low of $11.81 and a one year high of $22.33. The stock’s 50-day moving average is $16.82 and its 200-day moving average is $15.73. The company’s market cap is $2.738 billion.
Tahoe Resources (NASDAQ:TAHO) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.06. On average, analysts predict that Tahoe Resources will post $-0.49 earnings per share for the current fiscal year.
Separately, analysts at Raymond James downgraded shares of Tahoe Resources from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday, September 19th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $22.25.
Tahoe Resources Inc (NASDAQ:TAHO) is engaged in the exploration and development of mineral properties in the United States for the mining of precious metals.
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