Shares of Tahoe Resources, Inc. (NYSE:TAHO) (TSE:THO) have been given an average rating of “Hold” by the twelve analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $16.50.

A number of equities research analysts have recently issued reports on the stock. National Bank Financial reaffirmed a “sec perform spec market wgt” rating on shares of Tahoe Resources in a report on Sunday, July 23rd. Credit Suisse Group raised shares of Tahoe Resources from a “neutral” rating to an “outperform” rating in a report on Monday, September 11th. BMO Capital Markets raised shares of Tahoe Resources from a “market perform” rating to an “outperform” rating in a report on Monday, September 11th. ValuEngine raised shares of Tahoe Resources from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Finally, BidaskClub lowered shares of Tahoe Resources from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 18th.

Hedge funds have recently made changes to their positions in the company. High Pointe Capital Management LLC acquired a new position in shares of Tahoe Resources during the 2nd quarter valued at about $106,000. Karp Capital Management Corp acquired a new position in shares of Tahoe Resources during the 1st quarter valued at about $143,000. SG Americas Securities LLC boosted its position in shares of Tahoe Resources by 76.8% during the 1st quarter. SG Americas Securities LLC now owns 21,175 shares of the basic materials company’s stock valued at $170,000 after acquiring an additional 9,195 shares during the last quarter. Blair William & Co. IL boosted its position in shares of Tahoe Resources by 46.1% during the 2nd quarter. Blair William & Co. IL now owns 19,875 shares of the basic materials company’s stock valued at $171,000 after acquiring an additional 6,275 shares during the last quarter. Finally, Fore Research & Management LP acquired a new position in shares of Tahoe Resources during the 2nd quarter valued at about $172,000. 69.89% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Tahoe Resources (NYSE TAHO) opened at $4.68 on Friday. Tahoe Resources has a 1-year low of $4.24 and a 1-year high of $11.88. The stock has a market cap of $1,460.00, a price-to-earnings ratio of 7.55, a PEG ratio of 2.61 and a beta of 0.42.

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.

Analyst Recommendations for Tahoe Resources (NYSE:TAHO)

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