Canaccord Genuity Downgrades Tahoe Resources to Hold (THO)
Tahoe Resources (TSE:THO) traded down 0.07% on Thursday, hitting $28.91. 144,213 shares of the company’s stock traded hands. Tahoe Resources has a 52-week low of $14.07 and a 52-week high of $29.05. The stock’s 50-day moving average is $25.30 and its 200-day moving average is $23.24. The company’s market cap is $4.245 billion.
Tahoe Resources (TSE:THO) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by $0.06. On average, analysts predict that Tahoe Resources will post $1.07 earnings per share for the current fiscal year.
A number of other firms have also recently commented on THO. Analysts at RBC Capital raised their price target on shares of Tahoe Resources from C$29.00 to C$34.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Raymond James downgraded shares of Tahoe Resources from an “outperform” rating to a “market perform” rating in a research note on Friday, June 27th. Finally, analysts at TD Securities upgraded shares of Tahoe Resources from a “speculative buy” rating to a “buy” rating in a research note on Monday, May 12th. They now have a C$29.00 price target on the stock, up previously from C$26.50. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Tahoe Resources presently has an average rating of “Hold” and an average price target of C$26.08.
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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