Price Action Report: What’s in Tahoe Resources Inc After Today’s Big Decline?

Price Action Report: What's in Tahoe Resources Inc After Today's Big Decline?

The stock of Tahoe Resources Inc (NYSE:TAHO) is a huge mover today! About 1.57 million shares traded hands. Tahoe Resources Inc (NYSE:TAHO) has declined 20.82% since April 18, 2016 and is downtrending. It has underperformed by 25.25% the S&P500.
The move comes after 9 months negative chart setup for the $3.01B company. It was reported on Nov, 18 by Barchart.com. We have $8.62 PT which if reached, will make NYSE:TAHO worth $210.70 million less.

Tahoe Resources Inc (NYSE:TAHO) Ratings Coverage

Out of 4 analysts covering Tahoe Resources (NYSE:TAHO), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Tahoe Resources has been the topic of 6 analyst reports since October 8, 2015 according to StockzIntelligence Inc. JP Morgan initiated Tahoe Resources Inc (NYSE:TAHO) on Friday, December 11 with “Overweight” rating. Raymond James downgraded the stock to “Outperform” rating in Wednesday, April 20 report. Bank of America initiated the stock with “Buy” rating in Friday, April 15 report. The stock has “Sector Outperform” rating given by IBC on Thursday, October 8. The firm has “Buy” rating given on Wednesday, August 31 by Desjardins Securities.

According to Zacks Investment Research, “Tahoe Resources Inc. is engaged in the exploration and development of mineral properties in the United States for the mining of precious metals. It principally holds interests in the Escobal project located in southeastern Guatemala. Tahoe Resources Inc. is headquartered in Reno, Nevada.”

More recent Tahoe Resources Inc (NYSE:TAHO) news were published by: Nasdaq.com which released: “Tahoe Resources, Inc. (TAHO) Ex-Dividend Date Scheduled for November 14, 2016” on November 11, 2016. Also Prnewswire.com published the news titled: “Tahoe Resources Reports Third Quarter Results” on November 03, 2016. Equitiesfocus.com‘s news article titled: “Tahoe Resources, Inc. (NYSE:TAHO) PEG Ratio At 2.75” with publication date: November 18, 2016 was also an interesting one.

TAHO Company Profile

Tahoe Resources Inc., incorporated on November 10, 2009, is a mine operating, mineral exploration and development company. The Company’s principal business activities are the operation of mineral properties for the mining of precious metals and the acquisition, exploration and development of mineral interests in the Americas. The Firm operates in two divisions: gold and silver. The Firm operates 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. The Company’s Escobal mine contains silver, gold, lead and zinc mineralization, and the La Arena mine and Shahuindo surface mines contains a gold oxide deposit, and the Bell Creek and Timmins West underground mines contain gold mineralization. The Bell Creek and Timmins West mines, gold mining activities are located in northeastern Ontario, Canada, as well as the development of the 144 Gap Deposit and the Whitney Project in northeastern Ontario, Canada.

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