Tahoe Resources Inc (THO) Price Target Raised to C$11.00
Several other brokerages have also recently weighed in on THO. Royal Bank Of Canada reiterated an outperform rating on shares of Tahoe Resources in a research note on Thursday, July 6th. BMO Capital Markets lowered their price objective on shares of Tahoe Resources from C$10.00 to C$7.00 and set an outperform rating on the stock in a research note on Tuesday, September 12th. Eight Capital reiterated a neutral rating on shares of Tahoe Resources in a research note on Thursday, August 17th. TD Securities lowered their price objective on shares of 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. Finally, National Bank Financial lowered their price objective on shares of Tahoe Resources from C$9.75 to C$8.50 in a research note on Thursday, August 10th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of C$10.68.
Tahoe Resources (THO) opened at 7.10 on Friday. The stock has a 50 day moving average of $6.57 and a 200 day moving average of $9.58. Tahoe Resources has a 1-year low of $5.31 and a 1-year high of $18.75. The stock has a market cap of $2.22 billion and a P/E ratio of 12.93.
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In other news, insider James Voorhees bought 5,000 shares of Tahoe Resources stock in a transaction that occurred on Tuesday, August 15th. The stock was bought at an average cost 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 Tahoe Resources stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average cost of C$5.55 per share, with a total value of C$111,000.00.
About Tahoe Resources
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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