Tahoe Resources Inc. (NYSE:TAHO) Receives $14.88 Average PT from Brokerages
Tahoe Resources Inc. (NYSE:TAHO) has been given a consensus rating of “Buy” by the ten analysts that are currently covering the stock. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $14.88.
Separately, Desjardins reiterated a “buy” rating on shares of Tahoe Resources in a report on Wednesday, August 31st.
Several institutional investors have recently made changes to their positions in TAHO. 1832 Asset Management L.P. boosted its position in shares of Tahoe Resources by 4,104.6% in the first quarter. 1832 Asset Management L.P. now owns 517,170 shares of the company’s stock worth $8,978,000 after buying an additional 504,870 shares during the period. Franklin Resources Inc. boosted its position in Tahoe Resources by 14.1% in the first quarter. Franklin Resources Inc. now owns 2,623,200 shares of the company’s stock worth $26,312,000 after buying an additional 324,500 shares during the last quarter. Credit Agricole S A boosted its position in Tahoe Resources by 60.6% in the first quarter. Credit Agricole S A now owns 840,200 shares of the company’s stock worth $8,427,000 after buying an additional 317,100 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Tahoe Resources by 464.9% in the first quarter. JPMorgan Chase & Co. now owns 289,587 shares of the company’s stock worth $2,904,000 after buying an additional 238,327 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Tahoe Resources by 93.7% in the first quarter. Goldman Sachs Group Inc. now owns 414,163 shares of the company’s stock worth $4,154,000 after buying an additional 200,396 shares during the last quarter. Hedge funds and other institutional investors own 60.73% of the company’s stock.
Tahoe Resources (NYSE:TAHO) opened at 11.12 on Wednesday. The company’s market cap is $3.46 billion. The firm has a 50-day moving average price of $13.46 and a 200-day moving average price of $13.55. Tahoe Resources has a 12-month low of $6.48 and a 12-month high of $17.01.
Tahoe Resources Company Profile
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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