Tahoe Resources Receives “Buy” Rating from Canaccord Genuity (THO)
Tahoe Resources (TSE:THO)‘s stock had its “buy” rating reaffirmed by stock analysts at Canaccord Genuity in a report issued on Tuesday, Stock Ratings News reports. They currently have a C$30.00 price objective on the stock, up from their previous price objective of C$24.50. Canaccord Genuity’s price target indicates a potential upside of 22.10% from the stock’s previous close.
Separately, analysts at Raymond James upgraded shares of Tahoe Resources from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of C$25.06.
Shares of Tahoe Resources (TSE:THO) opened at 24.69 on Tuesday. Tahoe Resources has a 1-year low of $12.44 and a 1-year high of $25.83. The stock’s 50-day moving average is $20.28 and its 200-day moving average is $18.78. The company’s market cap is $3.605 billion.
Tahoe Resources Inc (TSE:THO) is engaged in the exploration and development of mineral properties in the United States for the mining of precious metals.
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