Tahoe Resources (TAHO) Receives Price Target

Tahoe Resources (TAHO) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $23 and the lowest price target forecast is $15. The average forecast of all the analysts is $19.34 and the expected standard deviation is $2.57.

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 (NYSE:TAHO): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.92 and $12.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.49, notching a gain of 3.45% for the day. The total traded volume was 3,374,355 . The stock had closed at $13.04 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.

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