Tahoe Resources Inc (THO) PT Lowered to C$17.00 at Raymond James Financial, Inc.
Tahoe Resources Inc (TSE:THO) (NASDAQ:TAHO) had its price objective trimmed by Raymond James Financial, Inc. from C$18.50 to C$17.00 in a research report released on Wednesday morning. The brokerage currently has an outperform rating on the stock.
Other research analysts have also recently issued reports about the company. Desjardins reduced their price target on Tahoe Resources from C$21.00 to C$18.00 in a research report on Tuesday, January 10th. JPMorgan Chase & Co. reduced their price target on Tahoe Resources from C$16.50 to C$15.00 in a research report on Tuesday, January 10th. Royal Bank of Canada reduced their price target on Tahoe Resources from C$27.00 to C$19.00 in a research report on Monday, December 12th. National Bank Financial reduced their price target on Tahoe Resources from C$18.25 to C$14.50 in a research report on Friday, March 10th. Finally, TD Securities reduced their price target on Tahoe Resources from C$17.50 to C$16.00 and set a buy rating for the company in a research report on Monday, March 13th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Tahoe Resources currently has an average rating of Buy and an average target price of C$16.83.
Shares of Tahoe Resources (TSE:THO) opened at 10.10 on Wednesday. Tahoe Resources has a one year low of $9.58 and a one year high of $22.13. The stock’s 50 day moving average price is $11.21 and its 200 day moving average price is $13.59. The stock has a market capitalization of $3.15 billion and a PE ratio of 24.82.
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In related news, Director Drago Guillermo Kisic purchased 11,142 shares of Tahoe Resources stock in a transaction that occurred on Tuesday, March 14th. The stock was bought at an average cost of C$7.17 per share, for a total transaction of C$79,888.14.
About Tahoe Resources
Tahoe Resources Inc is a mine operating, mineral exploration and development company. The Company’s principal business activities are to operate the Escobal mine, a silver mining operation in southeastern Guatemala; the La Arena mine, a gold mining operation located in northwestern Peru, and the Shahuindo gold mine, located in northwestern Peru.
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