The stock of Tahoe Resources Inc (TSE:THO) is a huge mover today! The stock decreased 3.78% or $0.62 on November 2, hitting $15.79. About 2.39 million shares traded hands or 121.30% up from the average. Tahoe Resources Inc (TSE:THO) has risen 15.40% since March 29, 2016 and is uptrending. It has outperformed by 12.88% the S&P500.
The move comes after 7 months negative chart setup for the $5.01B company. It was reported on Nov, 2 by Barchart.com. We have $14.84 PT which if reached, will make TSE:THO worth $300.60 million 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. Tahoe Resources Inc has been the topic of 15 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating by JP Morgan given on Friday, December 11. RBC Capital Markets maintained it with “Outperform” rating and $17 target price in Thursday, November 26 report. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, January 27. IBC upgraded Tahoe Resources Inc (TSE:THO) on Thursday, October 8 to “Sector Outperformer” rating. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Thursday, February 18. The stock has “Outperform” rating given by RBC Capital Markets on Monday, August 24. The rating was maintained by RBC Capital Markets on Friday, January 15 with “Outperform”. The rating was upgraded by Raymond James to “Strong Buy” on Tuesday, February 9.
More news for Tahoe Resources Inc (TSE:THO) were recently published by: Prnewswire.com, which released: “Tahoe Resources Recommends Shareholders Reject TRC Capital’s “Mini-Tender” Offer” on October 10, 2016. Prnewswire.com‘s article titled: “Tahoe Resources Declares Tenth Monthly Dividend For 2016” and published on October 06, 2016 is yet another important article.
Tahoe Resources Inc. is a mine operating, mineral exploration and development company. The company has a market cap of $5.01 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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