Tahoe Resources, Inc. (NYSE:TAHO) (TSE:THO) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Wednesday.

Other research analysts have also issued research reports about the stock. UBS AG lowered shares of Tahoe Resources from a “strong-buy” rating to an “outperform” rating in a research note on Friday, June 23rd. National Bank Financial reaffirmed a “sec perform spec market wgt” rating on shares of Tahoe Resources in a research note on Sunday, July 23rd. Credit Suisse Group raised shares of Tahoe Resources from a “neutral” rating to an “outperform” rating in a research note on Monday, September 11th. BMO Capital Markets lowered shares of Tahoe Resources from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 6th. Finally, ValuEngine raised shares of Tahoe Resources from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $17.33.

Shares of Tahoe Resources (NYSE:TAHO) traded down 0.98% on Wednesday, hitting $5.06. 2,190,933 shares of the stock traded hands. The firm’s 50 day moving average is $5.31 and its 200 day moving average is $6.91. The firm has a market capitalization of $1.58 billion, a PE ratio of 9.22 and a beta of 0.43. Tahoe Resources has a 52 week low of $4.24 and a 52 week high of $12.65.

TRADEMARK VIOLATION WARNING: “Tahoe Resources, Inc. (TAHO) Downgraded to Strong Sell at BidaskClub” was originally reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/10/18/tahoe-resources-inc-taho-downgraded-to-strong-sell-at-bidaskclub.html.

Several hedge funds have recently made changes to their positions in the company. Public Employees Retirement Association of Colorado lifted its position in shares of Tahoe Resources by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 9,689 shares of the basic materials company’s stock worth $124,000 after purchasing an additional 39 shares in the last quarter. Alps Advisors Inc. lifted its position in shares of Tahoe Resources by 0.3% in the second quarter. Alps Advisors Inc. now owns 66,787 shares of the basic materials company’s stock worth $576,000 after purchasing an additional 173 shares in the last quarter. Aperio Group LLC lifted its position in shares of Tahoe Resources by 1.4% in the third quarter. Aperio Group LLC now owns 12,786 shares of the basic materials company’s stock worth $164,000 after purchasing an additional 178 shares in the last quarter. AXA lifted its position in shares of Tahoe Resources by 8.4% in the first quarter. AXA now owns 10,300 shares of the basic materials company’s stock worth $104,000 after purchasing an additional 800 shares in the last quarter. Finally, Sigma Planning Corp lifted its position in shares of Tahoe Resources by 9.0% in the third quarter. Sigma Planning Corp now owns 15,519 shares of the basic materials company’s stock worth $199,000 after purchasing an additional 1,286 shares in the last quarter. 71.09% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Tahoe Resources (NYSE:TAHO)

Receive News & Ratings for Tahoe Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tahoe Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.