Could Tahoe Resources Inc See a Reversal After This Very Weak Session?

 Could Tahoe Resources Inc See a Reversal After This Very Weak Session?

The stock of Tahoe Resources Inc (TSE:THO) is a huge mover today! About 571,997 shares traded hands. Tahoe Resources Inc (TSE:THO) has declined 10.78% since April 8, 2016 and is downtrending. It has underperformed by 15.76% the S&P500.
The move comes after 6 months negative chart setup for the $3.72B company. It was reported on Nov, 14 by Barchart.com. We have $11.68 PT which if reached, will make TSE:THO worth $260.40M less.

Tahoe Resources Inc (TSE:THO) Ratings Coverage

Out of 5 analysts covering Tahoe Resources Inc (TSE:THO), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. $26 is the highest target while $13 is the lowest. The $22 average target is 75.16% above today’s ($12.56) stock price. Tahoe Resources Inc has been the topic of 16 analyst reports since August 24, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the shares of THO in a report on Friday, January 15 with “Outperform” rating. JP Morgan initiated the shares of THO in a report on Friday, December 11 with “Overweight” rating. The firm earned “Sector Outperformer” rating on Thursday, October 8 by IBC. The rating was maintained by RBC Capital Markets on Thursday, November 26 with “Outperform”. The stock of Tahoe Resources Inc (TSE:THO) has “Strong Buy” rating given on Tuesday, February 9 by Raymond James. As per Wednesday, January 27, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained Tahoe Resources Inc (TSE:THO) on Monday, August 24 with “Outperform” rating. RBC Capital Markets downgraded it to “Sector Perform” rating and $13 target price in Thursday, February 18 report.

Another recent and important Tahoe Resources Inc (TSE:THO) news was published by Prnewswire.com which published an article titled: “Tahoe Resources Recommends Shareholders Reject TRC Capital’s “Mini-Tender” Offer” on October 10, 2016.

Tahoe Resources Inc. is a mine operating, mineral exploration and development company. The company has a market cap of $3.72 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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