Tahoe Resources Inc (THO) Price Target Lowered to C$7.25 at National Bank Financial
Tahoe Resources Inc (TSE:THO) (NASDAQ:TAHO) had its target price dropped by equities research analysts at National Bank Financial from C$7.50 to C$7.25 in a note issued to investors on Wednesday. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 27.64% from the company’s current price.
THO has been the topic of several other research reports. CSFB raised shares of Tahoe Resources from a “neutral” rating to an “outperform” rating and set a C$9.25 target price on the stock in a report on Monday, September 11th. TD Securities reduced their target price on shares of Tahoe Resources from C$8.50 to C$8.00 in a report on Wednesday, October 11th. Canaccord Genuity reduced their target price on shares of Tahoe Resources from C$11.00 to C$10.50 in a report on Friday, October 20th. CIBC increased their target price on shares of Tahoe Resources from C$7.00 to C$8.00 in a report on Tuesday, September 12th. Finally, BMO Capital Markets reduced 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 report on Tuesday, September 12th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Tahoe Resources has a consensus rating of “Hold” and an average price target of C$10.35.
Tahoe Resources (THO) traded up C$0.01 during mid-day trading on Wednesday, hitting C$5.68. 509,525 shares of the company traded hands, compared to its average volume of 977,293. Tahoe Resources has a 52 week low of C$5.31 and a 52 week high of C$15.37.
In related news, insider James Voorhees bought 5,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was purchased at an average cost of C$5.41 per share, with a total value of C$27,050.00. Also, Director Ronald Wayne Clayton bought 20,000 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was bought at an average cost of C$5.55 per share, with a total value of C$111,000.00.
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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