Will Tahoe Resources Inc Short Squeeze Soon?

The stock of Tahoe Resources Inc (TSE:THO) is a huge mover today! About 417,199 shares traded hands. Tahoe Resources Inc (TSE:THO) has risen 14.26% since March 11, 2016 and is uptrending. It has outperformed by 8.78% the S&P500.

The move comes after 7 months negative chart setup for the $4.98B company. It was reported on Oct, 18 by Barchart.com. We have $14.54 PT which if reached, will make TSE:THO worth $249.00M less.

Tahoe Resources Inc (TSE:THO) Ratings Coverage

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. $26 is the highest target while $13 is the lowest. The $21.88 average target is 43.01% above today’s ($15.3) stock price. Tahoe Resources Inc has been the topic of 14 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets on Monday, August 24 with “Outperform”. The firm earned “Strong Buy” rating on Tuesday, February 9 by Raymond James. The rating was upgraded by IBC to “Sector Outperformer” on Thursday, October 8. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Thursday, February 18. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, January 27 report. On Friday, January 15 the stock rating was maintained by RBC Capital Markets with “Outperform”. The company was maintained on Thursday, November 26 by RBC Capital Markets. The firm has “Overweight” rating by JP Morgan given on Friday, December 11.

More recent Tahoe Resources Inc (TSE:THO) news were published by: Forbes.com which released: “Tahoe Resources Enters Oversold Territory (THO)” on August 24, 2016. Also Prnewswire.com published the news titled: “Tahoe Resources Declares Tenth Monthly Dividend For 2016” on October 06, 2016. Nasdaq.com‘s news article titled: “Tahoe Resources, Inc. (TAHO) Ex-Dividend Date Scheduled for September 20, 2016” with publication date: September 19, 2016 was also an interesting one.

THO Company Profile

Tahoe Resources Inc. is a mine operating, mineral exploration and development company. The company has a market cap of $4.98 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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