Analysts Set Tahoe Resources Inc (TSE:THO) Target Price at $13.53
Tahoe Resources Inc (TSE:THO) (NASDAQ:TAHO) has been assigned an average recommendation of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$13.53.
THO has been the subject of a number of research analyst reports. CSFB initiated coverage on Tahoe Resources in a research report on Thursday, April 13th. They issued an “outperform” rating and a C$14.00 target price for the company. TD Securities restated a “buy” rating and issued a C$16.00 target price on shares of Tahoe Resources in a research report on Wednesday, May 3rd. Royal Bank Of Canada restated an “outperform” rating on shares of Tahoe Resources in a research report on Thursday, July 6th. Raymond James Financial, Inc. cut their target price on Tahoe Resources from C$15.75 to C$10.75 and set a “market perform” rating for the company 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 research report on Wednesday, July 5th.
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Tahoe Resources (TSE THO) traded up 2.95% during trading on Friday, reaching $6.98. The company had a trading volume of 750,813 shares. The company has a 50-day moving average of $11.93 and a 200-day moving average of $11.62. Tahoe Resources has a 52-week low of $6.36 and a 52-week high of $22.13. The firm has a market capitalization of $2.18 billion and a P/E ratio of 14.02.
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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