Tahoe Resources Inc (THO) Receives Average Rating of “Buy” from Analysts
Shares of Tahoe Resources Inc (TSE:THO) (NASDAQ:TAHO) have been assigned an average rating of “Buy” from the ten brokerages that are presently covering the stock. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$21.42.
Several brokerages have recently weighed in on THO. TD Securities upped their price objective on Tahoe Resources from C$24.00 to C$26.00 and gave the company a “buy” rating in a report on Thursday, August 11th. Raymond James Financial Inc. boosted their target price on Tahoe Resources from C$22.25 to C$24.50 in a research report on Friday, September 23rd. Desjardins reaffirmed a “buy” rating on shares of Tahoe Resources in a research report on Tuesday, August 30th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Tahoe Resources in a research report on Tuesday, November 1st. Finally, Canaccord Genuity cut their target price on Tahoe Resources from C$25.00 to C$22.50 in a research report on Monday, October 24th.
Shares of Tahoe Resources (TSE:THO) traded up 2.31% during mid-day trading on Monday, reaching $12.82. The company’s stock had a trading volume of 1,412,864 shares. The company has a market capitalization of $3.99 billion and a PE ratio of 356.11. The firm’s 50 day moving average is $14.61 and its 200-day moving average is $17.36. Tahoe Resources has a 52-week low of $9.45 and a 52-week high of $22.13.
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About Tahoe Resources
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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