Tahoe Resources (NYSE:TAHO) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.2 by 5 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating.
Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm Raymond James downgrades its rating on Tahoe Resources (NYSE:TAHO). The rating major has initiated the coverage with outperform rating on the shares. Earlier, the shares were rated a Strong Buy by the brokerage firm. The rating by the firm was issued on April 20, 2016.
Tahoe Resources (NYSE:TAHO) should head towards $15.34 per share according to 5 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $14 per share. The higher price estimate target is at $17 according to the Analysts.
Tahoe Resources (NYSE:TAHO) witnessed a decline in the market cap on Tuesday as its shares dropped 2.83% or 0.38 points. After the session commenced at $13.14, the stock reached the higher end at $13.23 while it hit a low of $12.96. With the volume soaring to 1,535,226 shares, the last trade was called at $13.04. The company has a 52-week high of $14.29. The company has a market cap of $2,969 million and there are 227,660,830 shares in outstanding. The 52-week low of the share price is $6.475.
Shares of Tahoe Resources Inc. rose by 1.95% in the last five trading days and 5.76% for the last 4 weeks. Tahoe Resources Inc. is up 16.95% in the last 3-month period. Year-to-Date the stock performance stands at 50.4%.
Tahoe Resources Inc. is a mineral exploration, development and mine operating company. The Companys principal business activity is to operate the Escobal mine, a mining operation in southeastern Guatemala. The Escobal deposit is an intermediate-sulfidation fault-related vein formed within Tertiary sedimentary and volcanic rocks within the Caribbean plate. The Escobal vein system hosts silver, gold, lead and zinc, with an associated epithermal suite of elements, within quartz and quartz-carbonate veins. It is also engaged in the acquisition, exploration, development and operation of mineral properties in the Americas for the mining of precious metals. The Company produces metal-bearing concentrates. Silver, gold, lead and zinc are recovered by differential flotation, producing silver-rich lead concentrates and zinc concentrates, which are sold to third-party smelters under concentrate sales arrangements.