Tahoe Resources Inc (THO) Trading Down 8.5%
Tahoe Resources Inc (TSE:THO) (NASDAQ:TAHO)’s share price fell 8.5% during trading on Tuesday . The stock traded as low as C$6.05 and last traded at C$5.63. 2,273,724 shares were traded during mid-day trading, an increase of 140% from the average session volume of 946,520 shares. The stock had previously closed at C$6.15.
Several research firms recently commented on THO. Eight Capital restated a “neutral” rating on shares of Tahoe Resources in a research note on Thursday, August 17th. Canaccord Genuity decreased their price target on shares of 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. National Bank Financial reaffirmed a “sec perform spec market wgt” rating on shares of Tahoe Resources in a research report on Sunday, July 23rd. CIBC cut their price objective on shares of Tahoe Resources from C$8.00 to C$7.75 in a research report on Monday, September 25th. Finally, BMO Capital Markets cut their price objective on shares of Tahoe Resources from C$10.00 to C$7.00 and set an “outperform” rating for the company in a research report on Tuesday, September 12th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of C$10.38.
In related news, insider James Voorhees bought 5,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was 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 bought 20,000 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was bought at an average cost of C$5.55 per share, with a total value of C$111,000.00.
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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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