Tahoe Resources Sets New 1-Year High at $27.55 (TAHO)
Tahoe Resources (NASDAQ:TAHO) shares hit a new 52-week high on Tuesday , AmericanBankingNews.com reports. The company traded as high as $27.55 and last traded at $27.41, with a volume of 57,268 shares trading hands. The stock had previously closed at $27.22.
TAHO has been the subject of a number of recent research reports. Analysts at Dundee Securities initiated coverage on shares of Tahoe Resources in a research note on Monday, August 4th. They set a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of Tahoe Resources from an “underperform” rating to a “neutral” rating in a research note on Thursday, July 17th. They now have a $26.70 price target on the stock. Finally, 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. They now have a $30.50 price target on the stock. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $27.23.
The stock has a 50-day moving average of $26.50 and a 200-day moving average of $22.85. The company’s market cap is $3.990 billion.
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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