Tahoe Resources Inc (THO) Receives Average Recommendation of “Hold” from Analysts
Tahoe Resources Inc (TSE:THO) (NASDAQ:TAHO) has been given an average recommendation of “Hold” by the nine research firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$13.53.
A number of research firms recently issued reports on THO. National Bank Financial lowered shares of Tahoe Resources from an “outperform market weight” rating to a “sector perform market weight” rating in a research note on Wednesday, July 5th. TD Securities reduced their price target on shares of Tahoe Resources from C$16.00 to C$10.50 and set a “hold” rating for the company in a report on Thursday, July 6th. Raymond James Financial, Inc. reduced their price target on shares of Tahoe Resources from C$15.75 to C$10.75 and set a “market perform” rating for the company in a report on Friday, July 7th. Royal Bank Of Canada reduced their price objective on shares of Tahoe Resources from C$15.00 to C$10.00 and set a “sector perform” rating for the company in a report on Friday, July 7th. Finally, CSFB assumed coverage on shares of Tahoe Resources in a report on Thursday, April 13th. They set an “outperform” rating and a C$14.00 price objective for the company.
Shares of Tahoe Resources (THO) opened at 6.94 on Friday. Tahoe Resources has a 52 week low of $6.36 and a 52 week high of $22.13. The stock has a market capitalization of $2.17 billion and a PE ratio of 13.94. The stock’s 50 day moving average is $11.93 and its 200 day moving average is $11.62.
About Tahoe Resources
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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