Tahoe Resources (TAHO) : Traders are bullish on Tahoe Resources (TAHO) as it has outperformed the S&P 500 by a wide margin of 2.28% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.13%, 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 7.19% in the last 1 week, and is up 3.34% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 5.96% and the 50-Day Moving Average is 11.06%. Tahoe Resources (NYSE:TAHO): On Fridays trading session , Opening price of the stock was $16.91 with an intraday high of $17.01. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $16.27. However, the stock managed to close at $16.4, a loss of 1.32% for the day. On the previous day, the stock had closed at $16.62. The total traded volume of the day was 1,687,177 shares.
Institutional Investors own 48.73% of Tahoe Resources shares.
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.