Tahoe Resources Inc (THO) Receives Average Rating of “Buy” from Analysts
Shares of Tahoe Resources Inc (TSE:THO) (NASDAQ:TAHO) have earned an average recommendation of “Buy” from the nine analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$15.50.
Several research firms have commented on THO. TD Securities reissued a “buy” rating and set a C$16.00 target price on shares of Tahoe Resources in a research report on Wednesday, May 3rd. CSFB began coverage on shares of Tahoe Resources in a research report on Thursday, April 13th. They set an “outperform” rating and a C$14.00 target price on the stock. Raymond James Financial, Inc. lowered their target price on shares of Tahoe Resources from C$18.50 to C$17.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 15th. Royal Bank Of Canada lowered their target price on shares of Tahoe Resources from C$16.00 to C$15.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 14th. Finally, Canaccord Genuity lowered their target price on shares of Tahoe Resources from C$17.50 to C$15.00 and set a “buy” rating on the stock in a research report on Friday, March 10th.
Tahoe Resources (TSE THO) opened at 11.06 on Monday. The firm’s 50 day moving average price is $12.02 and its 200-day moving average price is $11.74. The firm has a market cap of $3.45 billion and a PE ratio of 22.21. Tahoe Resources has a 52 week low of $9.58 and a 52 week high of $22.13.
Tahoe Resources Company Profile
Tahoe Resources Inc is a mine operations, and mineral exploration and development company. The Company’s principal business activities are the exploration, development, operation and acquisition of mineral properties for the mining of precious metals in the Americas. Its business involves operating the Escobal mine, a silver mining operation located in southeastern Guatemala, the La Arena and Shahuindo mines, gold mining operations located in northwestern Peru, and the Bell Creek mine and mill and the Timmins West mine, gold mining operations located in northeastern Ontario, Canada.
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