Tahoe Resources, Inc. (TAHO) Lowered to Hold at ValuEngine
Tahoe Resources, Inc. (NYSE:TAHO) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday.
TAHO has been the subject of a number of other research reports. National Bank Financial restated a “sec perform spec market wgt” rating on shares of Tahoe Resources in a research report on Sunday, July 23rd. Raymond James Financial, Inc. cut shares of Tahoe Resources from a “strong-buy” rating to an “outperform” rating in a research report on Friday, June 23rd. BMO Capital Markets cut shares of Tahoe Resources from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 6th. Credit Suisse Group cut shares of Tahoe Resources from an “outperform” rating to a “neutral” rating in a research report on Friday, July 7th. Finally, BidaskClub upgraded shares of Tahoe Resources from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $17.33.
Shares of Tahoe Resources (TAHO) traded up 0.84% during mid-day trading on Friday, hitting $4.81. The stock had a trading volume of 2,416,590 shares. Tahoe Resources has a 12-month low of $4.27 and a 12-month high of $14.95. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 8.76 and a beta of 0.47. The stock’s 50-day moving average price is $5.30 and its 200-day moving average price is $7.53.
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Institutional investors have recently made changes to their positions in the company. High Pointe Capital Management LLC bought a new position in shares of Tahoe Resources during the second quarter worth $106,000. Quantbot Technologies LP raised its position in shares of Tahoe Resources by 181.9% in the first quarter. Quantbot Technologies LP now owns 14,874 shares of the basic materials company’s stock worth $119,000 after buying an additional 9,598 shares during the last quarter. Karp Capital Management Corp bought a new position in shares of Tahoe Resources during the first quarter worth $143,000. Blair William & Co. IL raised its position in shares of Tahoe Resources by 46.1% in the second quarter. Blair William & Co. IL now owns 19,875 shares of the basic materials company’s stock worth $171,000 after buying an additional 6,275 shares during the last quarter. Finally, Fore Research & Management LP bought a new position in shares of Tahoe Resources during the second quarter worth $172,000. 71.12% of the stock is owned by hedge funds and other institutional investors.
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.
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