Tahoe Resources (TSE:THO) (NASDAQ:TAHO) had its price target lowered by TD Securities from C$7.00 to C$6.50 in a research report released on Monday morning. The brokerage currently has a hold rating on the stock.
Several other research firms have also issued reports on THO. National Bank Financial increased their price objective on shares of Tahoe Resources from C$7.50 to C$8.00 and gave the stock a sector perform rating in a research report on Monday. CIBC dropped their price objective on shares of Tahoe Resources from C$7.50 to C$6.50 in a research report on Thursday, December 14th. Finally, Canaccord Genuity dropped their price objective on shares of Tahoe Resources from C$10.50 to C$10.00 in a research report on Friday, February 16th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Tahoe Resources presently has a consensus rating of Hold and an average target price of C$8.50.
Shares of Tahoe Resources (TSE THO) opened at C$6.24 on Monday. Tahoe Resources has a 52-week low of C$4.75 and a 52-week high of C$12.98. The stock has a market cap of $1,950.00, a price-to-earnings ratio of 18.35 and a beta of 0.01.
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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