Tahoe Resources Inc (THO) Price Target Lowered to C$10.50 at TD Securities
Tahoe Resources Inc (TSE:THO) (NASDAQ:TAHO) had its price target dropped by investment analysts at TD Securities from C$16.00 to C$10.50 in a research report issued on Thursday, July 6th. The firm presently has a “hold” rating on the stock. TD Securities’ price objective indicates a potential upside of 54.87% from the company’s current price.
A number of other analysts also recently issued reports on THO. Raymond James Financial, Inc. dropped their price target on shares of Tahoe Resources from C$18.50 to C$17.00 and set an “outperform” rating on the stock in a report on Wednesday, March 15th. Royal Bank Of Canada restated an “outperform” rating on shares of Tahoe Resources in a research note on Thursday, July 6th. Canaccord Genuity decreased their target price on shares of Tahoe Resources from C$17.50 to C$15.00 and set a “buy” rating on the stock in a research note on Friday, March 10th. National Bank Financial reduced their price objective on shares of Tahoe Resources from C$18.25 to C$14.50 in a research report on Friday, March 10th. Finally, CSFB initiated coverage on shares of Tahoe Resources in a research report on Thursday, April 13th. They issued an “outperform” rating and a C$14.00 price target on the stock. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of C$13.64.
Tahoe Resources (THO) traded down 2.31% during midday trading on Thursday, reaching $6.78. The company’s stock had a trading volume of 1,049,835 shares. The firm has a 50 day moving average price of $11.93 and a 200-day moving average price of $11.62. The firm has a market cap of $2.12 billion and a P/E ratio of 14.13. Tahoe Resources has a 52 week low of $6.36 and a 52 week high of $22.13.
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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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