Tahoe Resources Inc. (TSE:THO) (NASDAQ:TAHO) shares were down 0.2% on Thursday . The stock traded as low as C$5.49 and last traded at C$5.59. Approximately 713,074 shares changed hands during trading, a decline of 46% from the average daily volume of 1,324,930 shares. The stock had previously closed at C$5.58.
Several research analysts recently weighed in on THO shares. BMO Capital Markets reduced their price target 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. Eight Capital restated a “neutral” rating on shares of Tahoe Resources in a research report on Thursday, August 17th. National Bank Financial reduced their price target on shares of Tahoe Resources from C$9.75 to C$8.50 in a research report on Thursday, August 10th. CIBC reduced their price target on shares of Tahoe Resources from C$8.00 to C$7.75 in a research report on Monday, September 25th. Finally, Canaccord Genuity reduced their price target on shares of Tahoe Resources from C$12.00 to C$9.00 and set a “buy” rating for the company in a research report on Wednesday, August 9th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of C$10.35.
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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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