Tahoe Resources, Inc. (TAHO) Receives Average Recommendation of “Hold” from Analysts
Shares of Tahoe Resources, Inc. (NYSE:TAHO) (TSE:THO) have received a consensus recommendation of “Hold” from the thirteen analysts that are presently covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $16.50.
Several equities analysts recently weighed in on TAHO shares. National Bank Financial lowered Tahoe Resources from an “outperform market weight” rating to a “sector perform market weight” rating in a research note on Wednesday, July 5th. TD Securities lowered Tahoe Resources from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Tahoe Resources in a research note on Friday, July 7th. BidaskClub lowered Tahoe Resources from a “hold” rating to a “sell” rating in a research note on Saturday, June 17th. Finally, UBS AG lowered Tahoe Resources from a “strong-buy” rating to an “outperform” rating in a research note on Friday, June 23rd.
Shares of Tahoe Resources (NYSE TAHO) opened at 5.52 on Friday. Tahoe Resources has a 52-week low of $4.24 and a 52-week high of $14.60. The company’s 50 day moving average price is $5.27 and its 200 day moving average price is $7.31. The stock has a market cap of $1.73 billion, a PE ratio of 10.05 and a beta of 0.44.
A number of large investors have recently bought and sold shares of the business. Sentry Investment Management LLC increased its stake in Tahoe Resources by 1.7% during the 2nd quarter. Sentry Investment Management LLC now owns 278,949 shares of the basic materials company’s stock worth $2,405,000 after buying an additional 4,610 shares in the last quarter. Schafer Cullen Capital Management Inc. purchased a new stake in Tahoe Resources during the 2nd quarter worth approximately $195,000. Koch Industries Inc. purchased a new stake in Tahoe Resources during the 2nd quarter worth approximately $204,000. Verition Fund Management LLC increased its stake in Tahoe Resources by 133.3% during the 2nd quarter. Verition Fund Management LLC now owns 24,948 shares of the basic materials company’s stock worth $215,000 after buying an additional 14,255 shares in the last quarter. Finally, Fore Research & Management LP purchased a new stake in Tahoe Resources during the 2nd quarter worth approximately $172,000. Institutional investors own 71.12% of the company’s stock.
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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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