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 report sent to investors on Tuesday.

Several other analysts also recently commented on THO. Eight Capital reaffirmed a neutral rating on shares of Tahoe Resources in a research note on Thursday, August 17th. National Bank Financial dropped their price objective on Tahoe Resources from C$9.75 to C$8.50 in a research note on Thursday, August 10th. Canaccord Genuity dropped their price objective on Tahoe Resources from C$12.00 to C$9.00 and set a buy rating on the stock in a research note on Wednesday, August 9th. CSFB raised Tahoe Resources from a neutral rating to an outperform rating and set a C$9.25 price objective on the stock in a research note on Monday. Finally, TD Securities dropped their price objective on Tahoe Resources from C$16.00 to C$10.50 and set a hold rating on the stock in a research note on Thursday, July 6th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Tahoe Resources presently has an average rating of Hold and a consensus price target of C$10.50.

Shares of Tahoe Resources (THO) opened at 6.97 on Tuesday. The stock’s 50 day moving average price is $6.58 and its 200-day moving average price is $9.69. The firm has a market capitalization of $2.18 billion and a price-to-earnings ratio of 12.70. 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 purchased 5,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were purchased at an average price of C$5.41 per share, with a total value of C$27,050.00. Also, Director Ronald Wayne Clayton purchased 20,000 shares of the company’s stock in a transaction on Friday, August 11th. The stock was purchased at an average cost of C$5.55 per share, for a total transaction 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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