Tahoe Resources Inc. (NYSE:TAHO) has received an average recommendation of “Buy” from the ten ratings firms that are covering the firm. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $14.88.
Separately, Desjardins reaffirmed a “buy” rating on shares of Tahoe Resources in a report on Wednesday, August 31st.
Several large investors have recently added to or reduced their stakes in TAHO. AXA raised its position in Tahoe Resources by 8.4% in the first quarter. AXA now owns 10,300 shares of the company’s stock valued at $104,000 after buying an additional 800 shares in the last quarter. Legal & General Group Plc raised its position in Tahoe Resources by 38.3% in the first quarter. Legal & General Group Plc now owns 17,865 shares of the company’s stock valued at $180,000 after buying an additional 4,949 shares in the last quarter. Geode Capital Management LLC raised its position in Tahoe Resources by 10.0% in the first quarter. Geode Capital Management LLC now owns 129,946 shares of the company’s stock valued at $1,302,000 after buying an additional 11,831 shares in the last quarter. National Planning Corp bought a new position in Tahoe Resources during the first quarter valued at about $177,000. Finally, BlackRock Inc. raised its position in Tahoe Resources by 354.2% in the first quarter. BlackRock Inc. now owns 18,514 shares of the company’s stock valued at $186,000 after buying an additional 14,438 shares in the last quarter. 60.73% of the stock is owned by institutional investors.
Tahoe Resources (NYSE:TAHO) traded up 1.44% on Wednesday, reaching $11.26. The company had a trading volume of 2,121,504 shares. Tahoe Resources has a 12 month low of $6.48 and a 12 month high of $17.01. The stock’s market capitalization is $3.50 billion. The firm has a 50 day moving average price of $13.85 and a 200-day moving average price of $13.58.
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.
Receive News & Ratings for Tahoe Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tahoe Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.