What’s Next for Tahoe Resources Inc After Today’s Huge Decline?


The stock of Tahoe Resources Inc (TSE:THO) is a huge mover today! About 535,893 shares traded hands. Tahoe Resources Inc (TSE:THO) has risen 57.89% since February 5, 2016 and is uptrending. It has outperformed by 41.40% the S&P500.
The move comes after 9 months negative chart setup for the $5.65B company. It was reported on Sep, 13 by Barchart.com. We have $16.53 PT which if reached, will make TSE:THO worth $395.50M less.

Out of 4 analysts covering Tahoe Resources Inc (TSE:THO), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Tahoe Resources Inc has been the topic of 12 analyst reports since September 21, 2015 according to StockzIntelligence Inc.

Tahoe Resources Inc. is a mine operating, mineral exploration and development company. The company has a market cap of $5.65 billion. The Company’s principal business activities are to operate the Escobal mine, a silver mining operation in southeastern Guatemala; the La Arena mine, a gold mining operation located in northwestern Peru, and the Shahuindo gold mine, located in northwestern Peru. It currently has negative earnings. It conducts its business in two divisions based on the primary metal produced: gold and silver.

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