Analyst Rating Update on Tahoe Resources (TAHO)

Tahoe Resources (TAHO) : The consensus on Tahoe Resources (TAHO) based on 6 analyst recommendation on the company stock is 1.33, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future.

Tahoe Resources (TAHO) : 6 investment research analysts covering Tahoe Resources (TAHO) have an average price target of $18.49 for the near short term. The highest target price given by the Brokerage Firm to the stock is $21 and the lowest target is $15 for the short term. Analysts expect the variance to be within $2.12 of the average price.

For the current week, the company shares have a recommendation consensus of Buy.


Tahoe Resources (NYSE:TAHO): The stock opened at $15.52 on Wednesday but the bulls could not build on the opening and the stock topped out at $15.55 for the day. The stock traded down to $15.10 during the day, due to lack of any buying support eventually closed down at $15.52 with a loss of -0.89% for the day. The stock had closed at $15.66 on the previous day. The total traded volume was 1,275,583 shares.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.