Tahoe Resources Rating Reiterated by Dundee Securities (THO)
Tahoe Resources (TSE:THO) traded up 1.21% on Monday, hitting $29.24. 176,736 shares of the company’s stock traded hands. Tahoe Resources has a one year low of $14.65 and a one year high of $29.82. The stock has a 50-day moving average of $27.90 and a 200-day moving average of $24.45. The company’s market cap is $4.294 billion.
Tahoe Resources (TSE:THO) last posted its quarterly earnings results on Friday, May 9th. The company reported $0.18 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.24 by $0.06. Analysts expect that Tahoe Resources will post $1.04 EPS for the current fiscal year.
THO has been the subject of a number of other recent research reports. Analysts at Raymond James raised their price target on shares of Tahoe Resources from C$27.00 to C$27.50 in a research note on Monday, July 14th. They now have a “market perform” rating on the stock. Separately, analysts at Canaccord Genuity downgraded shares of Tahoe Resources from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. Finally, 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, July 9th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Tahoe Resources presently has an average rating of “Hold” and an average target price of C$26.44.
Tahoe Resources Inc operates Escobal mine. The Company owns 100 % interest in Escobal project located in southeastern Guatemalan, approximately 70 kilometer from Guatemala City, near the municipality of San Rafael las Flores.
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