Tahoe Resources (TAHO) has risen sharply, recording gains of 8.95% in the past 4 weeks. However, the stock has corrected -4.85% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.05% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Tahoe Resources (NYSE:TAHO): The stock opened at $15.11 on Friday but the bulls could not build on the opening and the stock topped out at $15.15 for the day. The stock traded down to $14.75 during the day, due to lack of any buying support eventually closed down at $15.10 with a loss of -1.18% for the day. The stock had closed at $15.28 on the previous day. The total traded volume was 1,295,347 shares.
The stock has recorded a 20-day Moving Average of 1.93% and the 50-Day Moving Average is 8.82%. Tahoe Resources Inc. is up 19.84% in the last 3-month period. Year-to-Date the stock performance stands at 74.16%.
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.