Tahoe Resources (TAHO) has been under a strong bear grip, hence the stock is down -3.68% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.11% in the past 1 week. The stock has risen by 3.05% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.45% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.06% and the 50-Day Moving Average is 10.85%. Tahoe Resources Inc. is up 10.12% in the last 3-month period. Year-to-Date the stock performance stands at 79.47%.
Tahoe Resources (NYSE:TAHO): stock turned positive on Friday. Though the stock opened at $15.18, the bulls momentum made the stock top out at $15.65 level for the day. The stock recorded a low of $15.03 and closed the trading day at $15.56, in the green by 4.15%. The total traded volume for the day was 1,521,526. The stock had closed at $14.94 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.