Tahoe Resources (TAHO) : 4 brokerage houses believe that Tahoe Resources (TAHO) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 6 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.33.
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): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.69 and $16.49 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.62, notching a gain of 0.24% for the day. The total traded volume was 2,384,412 . The stock had closed at $16.58 on the previous day.
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.