Brokerage Firm Rating Update on Tahoe Resources (TAHO)

Tahoe Resources (TAHO) : Zacks Investment Research ranks Tahoe Resources (TAHO) as 2, which is a Buy recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 other analysts are mildly bullish on the stock and favor a Buy. The average broker rating of 8 research analysts is 1.38, which indicates as a Strong Buy.

Tahoe Resources (TAHO) : 8 Wall Street analysts covering Tahoe Resources (TAHO) believe that the average level the stock could reach for the short term is $19.34. The maximum price target given is $23 and the minimum target for short term is around $15, hence the standard deviation is calculated at $2.57.


For the current week, the company shares have a recommendation consensus of Buy. Also, Desjardins initiates coverage on Tahoe Resources (NYSE:TAHO). Desjardins has a Buy rating on the shares. The rating by the firm was issued on August 31, 2016.

Tahoe Resources (NYSE:TAHO): stock was range-bound between the intraday low of $14.33 and the intraday high of $14.88 after having opened at $14.75 on Wednesdays session. The stock finally closed in the red at $14.75, a loss of -0.14%. The stock remained in the red for the whole trading day. The total traded volume was 1,867,495 shares. The stock failed to cross $14.88 in Wednesdays trading. The stocks closing price on Thursday was $14.78.

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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