Canaccord Genuity Raises Tahoe Resources Inc (THO) Price Target to C$11.00
Tahoe Resources Inc (TSE:THO) (NASDAQ:TAHO) had its price objective hoisted by investment analysts at Canaccord Genuity from C$10.75 to C$11.00 in a report issued on Saturday. Canaccord Genuity’s price target points to a potential upside of 55.37% from the company’s current price.
A number of other analysts also recently commented on the stock. BMO Capital Markets cut their price objective on shares of Tahoe Resources from C$10.00 to C$7.00 and set an “outperform” rating for the company in a report on Tuesday, September 12th. CIBC increased their price objective on shares of Tahoe Resources from C$7.00 to C$8.00 in a report on Tuesday, September 12th. CSFB upgraded shares of Tahoe Resources from a “neutral” rating to an “outperform” rating and set a C$9.25 price objective for the company in a report on Monday, September 11th. National Bank Financial cut their price objective on shares of Tahoe Resources from C$8.50 to C$7.50 and set a “sector perform” rating for the company in a report on Friday, August 25th. Finally, Eight Capital reiterated a “neutral” rating on shares of Tahoe Resources in a report on Thursday, August 17th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of C$10.70.
Shares of Tahoe Resources (TSE THO) traded up 2.61% during midday trading on Friday, hitting $7.08. The stock had a trading volume of 1,887,964 shares. Tahoe Resources has a 52-week low of $5.31 and a 52-week high of $18.99. The stock has a market cap of $2.21 billion and a PE ratio of 12.90. The firm has a 50 day moving average price of $6.57 and a 200-day moving average price of $9.58.
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In other news, Director Ronald Wayne Clayton purchased 20,000 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was acquired at an average price of C$5.55 per share, for a total transaction of C$111,000.00. Also, insider James Voorhees purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were purchased at an average price of C$5.41 per share, with a total value of C$27,050.00.
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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