Tahoe Resources (THO) Stock Price Up 1.6%
Tahoe Resources Inc. (TSE:THO) (NASDAQ:TAHO) rose 1.6% during mid-day trading on Monday . The stock traded as high as C$5.71 and last traded at C$5.63. Approximately 2,137,574 shares traded hands during trading, an increase of 61% from the average daily volume of 1,326,335 shares. The stock had previously closed at C$5.54.
THO has been the subject of several research reports. Canaccord Genuity lowered their price objective on shares of Tahoe Resources from C$11.00 to C$10.50 in a research report on Friday, October 20th. National Bank Financial lowered their price objective on shares of Tahoe Resources from C$8.50 to C$7.50 and set a “sector perform” rating for the company in a research report on Friday, August 25th. CSFB raised shares of Tahoe Resources from a “neutral” rating to an “outperform” rating and set a C$9.25 price objective for the company in a research report on Monday, September 11th. CIBC increased their price objective on shares of Tahoe Resources from C$7.00 to C$8.00 in a research report on Tuesday, September 12th. Finally, TD Securities lowered their price objective on shares of Tahoe Resources from C$8.50 to C$8.00 in a research report on Wednesday, October 11th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of C$10.23.
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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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