Analyst Rating Update on Tahoe Resources (TAHO)

Tahoe Resources (NYSE:TAHO) : 5 analysts are covering Tahoe Resources (NYSE:TAHO) and their average rating on the stock is 1.2, which is read as a Strong Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Tahoe Resources (NYSE:TAHO) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels.

Tahoe Resources (NYSE:TAHO) : Currently there are 5 street experts covering Tahoe Resources (NYSE:TAHO) stock. The most bullish and bearish price target for the stock is $17 and $15 respectively for the short term. The average price target of all the analysts comes to $15.92. The estimated standard deviation from the target is $1.16.

For the current week, the company shares have a recommendation consensus of Buy. Also, In a research note released to the investors, Raymond James downgrades its rating on Tahoe Resources (NYSE:TAHO).The analysts at the brokerage house have a current rating of Outperform 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): On Tuesdays trading session , Opening price of the stock was $14.28 with an intraday high of $14.41. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $14.1. However, the stock managed to close at $14.36, a loss of 0.21% for the day. On the previous day, the stock had closed at $14.39. The total traded volume of the day was 2,007,697 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.

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