Shares of Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) have been assigned an average rating of “Hold” from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $5.00.
A number of equities analysts have recently weighed in on TAHO shares. BMO Capital Markets downgraded Tahoe Resources from an “outperform” rating to a “market perform” rating and set a $5.00 target price on the stock. in a report on Thursday, December 20th. Canaccord Genuity reiterated a “buy” rating on shares of Tahoe Resources in a report on Tuesday, November 13th. ValuEngine upgraded Tahoe Resources from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, Zacks Investment Research upgraded Tahoe Resources from a “sell” rating to a “hold” rating in a report on Friday, November 16th.
Institutional investors and hedge funds have recently modified their holdings of the company. Advisors Preferred LLC acquired a new position in Tahoe Resources in the fourth quarter worth approximately $31,000. ARGA Investment Management LP acquired a new position in Tahoe Resources in the fourth quarter worth approximately $41,000. Lourd Capital LLC acquired a new position in Tahoe Resources in the fourth quarter worth approximately $51,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Tahoe Resources by 37.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,695 shares of the basic materials company’s stock worth $79,000 after buying an additional 5,886 shares during the last quarter. Finally, Virtu Financial LLC increased its holdings in Tahoe Resources by 165.6% in the fourth quarter. Virtu Financial LLC now owns 38,536 shares of the basic materials company’s stock worth $141,000 after buying an additional 24,027 shares during the last quarter. Institutional investors own 67.28% of the company’s stock.
About Tahoe Resources
Tahoe Resources Inc, together with its subsidiaries, acquires, explores for, develops, and operates mineral properties in the Americas. It explores for silver, gold, lead, zinc, and copper deposits, as well as precious metals assets. The company holds interest in the La Arena gold mine located in the Huamachuco district of northern Peru; Shahuindo mine located in the province of Cajabamba in northern Peru; and La Arena II, a copper-gold porphyry deposit located in Peru.
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