Tahoe Resources (NYSE:TAHO) : Traders are bullish on Tahoe Resources (NYSE:TAHO) as it has outperformed the S&P 500 by a wide margin of 20.05% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.1%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.44% in the last 1 week, and is up 21.98% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 46.49% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $16.56 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $13.54 and the 200 Day Moving Average price is recorded at $10.95.
The stock has recorded a 20-day Moving Average of 16.98% and the 50-Day Moving Average is 23.45%.
Tahoe Resources (NYSE:TAHO): stock turned positive on Friday. Though the stock opened at $15.69, the bulls momentum made the stock top out at $16.56 level for the day. The stock recorded a low of $15.65 and closed the trading day at $16.48, in the green by 5.30%. The total traded volume for the day was 1,998,293. The stock had closed at $15.65 in the previous days trading.
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.