Tahoe Resources Inc (TSE:THO) PT Lowered to C$8.50
Tahoe Resources Inc (TSE:THO) (NASDAQ:TAHO) had its price objective cut by investment analysts at National Bank Financial from C$9.75 to C$8.50 in a note issued to investors on Thursday. National Bank Financial’s price target suggests a potential upside of 29.77% from the stock’s current price.
Other research analysts have also issued reports about the company. Canaccord Genuity cut their price objective on Tahoe Resources from C$12.00 to C$9.00 and set a “buy” rating on the stock in a research report on Wednesday. TD Securities reissued a “buy” rating and issued a C$16.00 price objective on shares of Tahoe Resources in a research report on Wednesday, May 3rd. Raymond James Financial, Inc. cut their price objective on Tahoe Resources from C$15.75 to C$10.75 and set a “market perform” rating on the stock in a research report on Friday, July 7th. Royal Bank Of Canada reissued an “outperform” rating on shares of Tahoe Resources in a research report on Thursday, July 6th. Finally, CSFB assumed coverage on Tahoe Resources in a research report on Thursday, April 13th. They issued an “outperform” rating and a C$14.00 price objective on the stock. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of C$12.31.
Tahoe Resources (TSE THO) traded up 0.61% on Thursday, reaching $6.59. The company had a trading volume of 848,740 shares. The firm has a 50-day moving average of $8.14 and a 200-day moving average of $10.64. The stock has a market capitalization of $2.06 billion and a P/E ratio of 12.00. Tahoe Resources has a 12 month low of $6.32 and a 12 month high of $22.10.
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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.
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