Tahoe Resources Inc (THO) Receives Average Recommendation of “Hold” from Brokerages
Tahoe Resources Inc (TSE:THO) (NASDAQ:TAHO) has been assigned a consensus rating of “Hold” from the eleven brokerages that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$10.23.
A number of analysts recently issued reports on the stock. CIBC decreased their target price on shares of Tahoe Resources from C$7.50 to C$6.50 in a research report on Thursday, December 14th. BMO Capital Markets decreased their target price on shares of 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. TD Securities decreased their target price on shares of Tahoe Resources from C$8.50 to C$8.00 in a research report on Wednesday, October 11th. National Bank Financial decreased their price target on shares of Tahoe Resources from C$7.50 to C$7.25 and set a “sector perform” rating on the stock in a report on Wednesday, November 8th. Finally, Canaccord Genuity lifted their price target on shares of Tahoe Resources from C$10.75 to C$11.00 in a report on Saturday, September 23rd.
Tahoe Resources (TSE:THO) opened at C$6.28 on Friday. Tahoe Resources has a 12 month low of C$5.31 and a 12 month high of C$15.11. The firm has a market cap of $1,960.00, a P/E ratio of 15.70 and a beta of 0.01.
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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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