Tahoe Resources Receives Average Recommendation of “Buy” from Brokerages (NASDAQ:TAHO)
Tahoe Resources (NASDAQ:TAHO) has been given an average recommendation of “Buy” by the seven ratings firms that are presently covering the stock, Analyst RN reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $24.55.
Several analysts have recently commented on the stock. Analysts at TD Securities upgraded shares of Tahoe Resources from a “hold” rating to a “buy” rating in a research note on Monday. Separately, analysts at Zacks upgraded shares of Tahoe Resources from a “neutral” rating to an “outperform” rating in a research note on Monday, April 21st. They now have a $24.60 price target on the stock. Finally, analysts at Raymond James upgraded shares of Tahoe Resources from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 15th.
Tahoe Resources (NASDAQ:TAHO) traded down 0.31% on Tuesday, hitting $22.68. 24,414 shares of the company’s stock traded hands. Tahoe Resources has a 52-week low of $11.81 and a 52-week high of $24.48. The stock’s 50-day moving average is $21.75 and its 200-day moving average is $19.62. The company’s market cap is $3.293 billion.
Tahoe Resources (NASDAQ:TAHO) last released its earnings data on Thursday, May 8th. The company reported $0.17 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.21 by $0.04. The company had revenue of $89.90 million for the quarter. Analysts expect that Tahoe Resources will post $1.04 EPS for the current fiscal year.
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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