Tahoe Resources Inc (TSE:THO) (NASDAQ:TAHO) had its target price cut by BMO Capital Markets from C$10.00 to C$7.00 in a research note published on Tuesday morning. They currently have an outperform rating on the stock.
Other research analysts also recently issued research reports about the stock. Eight Capital reissued a neutral rating on shares of Tahoe Resources in a research report on Thursday, August 17th. Canaccord Genuity cut their target price on shares of Tahoe Resources from C$12.00 to C$9.00 and set a buy rating on the stock in a research report on Wednesday, August 9th. National Bank Financial reissued 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 their target price on shares of Tahoe Resources from C$15.75 to C$10.75 and set a market perform rating on the stock in a research report on Friday, July 7th. Finally, TD Securities cut their target price on shares of Tahoe Resources from C$16.00 to C$10.50 and set a hold rating on the stock in a research report on Thursday, July 6th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Tahoe Resources currently has a consensus rating of Hold and an average target price of C$10.50.
Tahoe Resources (TSE:THO) opened at 6.97 on Tuesday. The stock has a market cap of $2.18 billion and a PE ratio of 12.70. The firm has a 50 day moving average of $6.58 and a 200-day moving average of $9.69. Tahoe Resources has a 52-week low of $5.31 and a 52-week high of $18.99.
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In other news, Director Ronald Wayne Clayton purchased 20,000 shares of the stock in a transaction dated Friday, August 11th. The shares were acquired at an average cost of C$5.55 per share, for a total transaction of C$111,000.00. Also, insider James Voorhees purchased 5,000 shares of the stock in a transaction dated Tuesday, August 15th. The stock was purchased at an average price of C$5.41 per share, for a total transaction of C$27,050.00.
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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