Tahoe Resources Inc (THO) Given New C$8.00 Price Target at TD Securities
Tahoe Resources Inc (TSE:THO) (NASDAQ:TAHO) had its price objective cut by equities research analysts at TD Securities from C$8.50 to C$8.00 in a research report issued on Wednesday. TD Securities’ price objective indicates a potential upside of 21.21% from the stock’s previous close.
Several other research firms also recently weighed in on THO. Royal Bank Of Canada reiterated an “outperform” rating on shares of Tahoe Resources in a research report on Thursday, July 6th. CIBC increased their target price on Tahoe Resources from C$7.00 to C$8.00 in a research report on Tuesday, September 12th. BMO Capital Markets reduced their target price on Tahoe Resources from C$10.00 to C$7.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 12th. Raymond James Financial, Inc. reduced their target price on Tahoe Resources from C$15.75 to C$10.75 and set a “market perform” rating on the stock in a research report on Friday, July 7th. Finally, National Bank Financial downgraded Tahoe Resources from an “outperform market weight” rating to a “sector perform market weight” rating in a report on Wednesday, July 5th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Tahoe Resources presently has an average rating of “Hold” and a consensus target price of C$10.43.
Shares of Tahoe Resources (TSE THO) traded down 1.93% during mid-day trading on Wednesday, hitting $6.60. The company had a trading volume of 814,015 shares. Tahoe Resources has a 12 month low of $5.31 and a 12 month high of $16.91. The company has a market cap of $2.06 billion and a PE ratio of 12.02. The firm has a 50-day moving average of $6.53 and a 200-day moving average of $9.22.
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In other news, Director Ronald Wayne Clayton acquired 20,000 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were bought at an average cost of C$5.55 per share, for a total transaction of C$111,000.00. Also, insider James Voorhees acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was purchased at an average price of C$5.41 per share, for a total transaction 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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