Tahoe Resources Hits New 1-Year High at $26.37 (TAHO)
Tahoe Resources (NASDAQ:TAHO) reached a new 52-week high on Tuesday , StockRatingsNetwork.com reports. The stock traded as high as $26.37 and last traded at $26.31, with a volume of 51,846 shares traded. The stock had previously closed at $26.20.
Several analysts have recently commented on the stock. Analysts at Raymond James downgraded shares of Tahoe Resources from an “outperform” rating to a “market perform” rating in a research note on Friday. Separately, analysts at Zacks downgraded shares of Tahoe Resources from a “neutral” rating to an “underperform” rating in a research note on Wednesday, June 18th. They now have a $21.50 price target on the stock. Finally, analysts at TD Securities upgraded shares of Tahoe Resources from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $23.00.
The stock has a 50-day moving average of $22.71 and a 200-day moving average of $20.78. The company’s market cap is $3.853 billion.
Tahoe Resources (NASDAQ:TAHO) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.04. The company had revenue of $89.90 million for the quarter. On average, analysts predict that Tahoe Resources will post $1.05 earnings per share 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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