Could Tahoe Resources Inc Change Direction After Today’s Huge Increase?

 Could Tahoe Resources Inc Change Direction After Today's Huge Increase?

The stock of Tahoe Resources Inc (TSE:THO) is a huge mover today! About 180,946 shares traded hands. Tahoe Resources Inc (TSE:THO) has risen 16.83% since April 1, 2016 and is uptrending. It has outperformed by 14.88% the S&P500.
The move comes after 5 months positive chart setup for the $4.40B company. It was reported on Nov, 8 by Barchart.com. We have $18.18 PT which if reached, will make TSE:THO worth $1.01 billion more.

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 $22 average target is 48.85% above today’s ($14.78) stock price. Tahoe Resources Inc has been the topic of 15 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The rating was upgraded by IBC to “Sector Outperformer” on Thursday, October 8. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, February 18. The firm earned “Outperform” rating on Wednesday, January 27 by RBC Capital Markets. On Monday, August 24 the stock rating was maintained by RBC Capital Markets with “Outperform”. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, November 26 report. The rating was initiated by JP Morgan on Friday, December 11 with “Overweight”. As per Tuesday, February 9, the company rating was upgraded by Raymond James. RBC Capital Markets maintained the shares of THO in a report on Friday, January 15 with “Outperform” rating.

More recent Tahoe Resources Inc (TSE:THO) news were published by: Prnewswire.com which released: “Tahoe Resources Declares Eleventh Monthly Dividend For 2016” on November 03, 2016. Also Prnewswire.com published the news titled: “Tahoe Resources Reports Third Quarter Results” on November 03, 2016. Prnewswire.com‘s news article titled: “Tahoe Resources Recommends Shareholders Reject TRC Capital’s “Mini-Tender” Offer” with publication date: October 10, 2016 was also an interesting one.

Tahoe Resources Inc. is a mine operating, mineral exploration and development company. The company has a market cap of $4.40 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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