Tahoe Resources (TAHO) : During the past 4 weeks, traders have been relatively bearish on Tahoe Resources (TAHO), hence the stock is down -1.17% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -8.63% relative to the S&P 500. The 4-week change in the price of the stock is -0.79% and the stock has fallen -8.66% in the past 1 week.
Tahoe Resources Inc. is up 21.49% in the last 3-month period. Year-to-Date the stock performance stands at 72.78%. The stock has recorded a 20-day Moving Average of 4% and the 50-Day Moving Average is 0.55%.
Tahoe Resources (NYSE:TAHO): The stock opened at $15.27 on Friday but the bulls could not build on the opening and the stock topped out at $15.29 for the day. The stock traded down to $14.95 during the day, due to lack of any buying support eventually closed down at $14.98 with a loss of -3.48% for the day. The stock had closed at $15.52 on the previous day. The total traded volume was 1,613,276 shares.
Also, Equity analysts at the Brokerage firm Raymond James downgrades its rating on Tahoe Resources (NYSE:TAHO). The rating major has initiated the coverage with outperform rating on the shares. Earlier, the shares were rated a Strong Buy by the brokerage firm. The rating by the firm was issued on April 20, 2016.
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.