Tahoe Resources (THO) Stock Price Down 2.7%

Tahoe Resources Inc (TSE:THO) (NASDAQ:TAHO)’s share price fell 2.7% during mid-day trading on Monday . The stock traded as low as C$6.05 and last traded at C$6.11. 689,128 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 1,106,256 shares. The stock had previously closed at C$6.28.

Several brokerages have issued reports on THO. BMO Capital Markets decreased 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. CIBC upped their price target on shares of Tahoe Resources from C$7.00 to C$8.00 in a research report on Tuesday, September 12th. Canaccord Genuity upped their price target on shares of Tahoe Resources from C$10.75 to C$11.00 in a research report on Saturday, September 23rd. TD Securities decreased their price target on shares of Tahoe Resources from C$8.50 to C$8.00 in a research report on Wednesday, October 11th. Finally, National Bank Financial decreased their price target on shares of Tahoe Resources from C$7.50 to C$7.25 and set a “sector perform” rating for the company in a research report on Wednesday, November 8th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of C$10.23.

The firm has a market cap of $1,800.00, a PE ratio of 14.48 and a beta of 0.01.

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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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