Tahoe Resources Inc (THO) Given New C$8.00 Price Target at CIBC

Tahoe Resources Inc (TSE:THO) (NASDAQ:TAHO) had its price target lifted by CIBC from C$7.00 to C$8.00 in a research note issued to investors on Tuesday morning.

Several other research firms have also recently issued reports on THO. TD Securities decreased their price target on Tahoe Resources from C$16.00 to C$10.50 and set a hold rating for the company in a research note on Thursday, July 6th. Royal Bank Of Canada reissued an outperform rating on shares of Tahoe Resources in a research note on Thursday, July 6th. Raymond James Financial, Inc. decreased their price target on Tahoe Resources from C$15.75 to C$10.75 and set a market perform rating for the company in a research note on Friday, July 7th. National Bank Financial cut Tahoe Resources from an outperform market weight rating to a sector perform market weight rating in a research note on Wednesday, July 5th. Finally, Eight Capital reissued a neutral rating on shares of Tahoe Resources in a research note on Thursday, August 17th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of C$10.98.

Shares of Tahoe Resources (TSE THO) opened at 7.53 on Tuesday. The firm’s 50 day moving average is $6.55 and its 200 day moving average is $9.76. The stock has a market capitalization of $2.36 billion and a price-to-earnings ratio of 13.72. Tahoe Resources has a 12 month low of $5.31 and a 12 month high of $18.99.

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In other news, insider James Voorhees bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was acquired at an average price 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 firm’s stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average cost of C$5.55 per share, with a total value of C$111,000.00.

Tahoe Resources Company Profile

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.

Analyst Recommendations for Tahoe Resources (TSE:THO)

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