RBC Capital Markets has downgraded Tahoe Resources Inc (NYSE:TAHO) from Outperform to Sector Perform in a statement released on 07/07/2017.
Boasting a price of $5.11, Tahoe Resources Inc (NYSE:TAHO) traded 6.37% higher on the day. With the last stock price down -30.96% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.05% over the same time. The company has recorded a 50-day moving average of $6.21 and a 200-day moving average of $7.98. Volume of trade was down over the average, with 3,284,456 shares of TAHO changing hands under the typical 3,425,380
Recent Performance Chart
Tahoe Resources Inc has a 52 week low of $4.93 and a 52 week high of $17.01 with a PE ratio of 10.04 Tahoe Resources Inc’s market cap is currently $0.
In addition to RBC Capital Markets reporting its target, a total of 4 equity analysts have released a ratings update on TAHO. The one year target is $13.01 with two brokerages rating the company a strong buy, one analyst rating the company a buy, zero analysts rating the company a hold, 0 brokers rating the stock a underperform, and finally 0 equity analysts rating the company a sell.
Brief Synopsis About Tahoe Resources Inc (NYSE:TAHO)
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. Its additional business objectives include the expansion of gold production at the Shahuindo and Bell Creek mines, the development of the Whitney Project and the ongoing exploration programs in Peru and Canada. It focuses on the initial evaluation of exploration/development projects with the main projects being the La Arena copper-gold sulfide project in Peru and the Fenn-Gib gold project in Canada.
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