Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) shares traded down 6.5% during trading on Thursday . The stock traded as low as $2.29 and last traded at $2.31. 4,127,805 shares traded hands during trading, an increase of 30% from the average session volume of 3,165,894 shares. The stock had previously closed at $2.47.
Several research analysts recently commented on the stock. BMO Capital Markets reduced their price objective on shares of Tahoe Resources from $8.50 to $7.50 and set an “outperform” rating for the company in a research note on Monday, September 10th. Beacon Securities lowered shares of Tahoe Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Finally, Zacks Investment Research upgraded shares of Tahoe Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $7.50.
The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.95 and a current ratio of 1.97.
A number of institutional investors have recently modified their holdings of TAHO. Nisa Investment Advisors LLC acquired a new position in Tahoe Resources during the 2nd quarter valued at approximately $148,000. BNP Paribas Arbitrage SA increased its stake in Tahoe Resources by 54.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 34,467 shares of the basic materials company’s stock valued at $170,000 after purchasing an additional 12,148 shares in the last quarter. Bourgeon Capital Management LLC acquired a new stake in shares of Tahoe Resources in the second quarter worth $241,000. Cubist Systematic Strategies LLC increased its stake in shares of Tahoe Resources by 284.4% in the second quarter. Cubist Systematic Strategies LLC now owns 52,269 shares of the basic materials company’s stock worth $257,000 after acquiring an additional 38,671 shares during the period. Finally, Prescott Group Capital Management L.L.C. acquired a new stake in shares of Tahoe Resources in the third quarter worth $265,000. Institutional investors and hedge funds own 64.00% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Tahoe Resources (TAHO) Shares Down 6.5%” was originally reported by BBNS and is the property of of BBNS. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://baseballnewssource.com/2018/11/10/tahoe-resources-taho-shares-down-6-5/2973815.html.
Tahoe Resources Company Profile (NYSE:TAHO)
Tahoe Resources Inc, together with its subsidiaries, acquires, explores for, develops, and operates mineral properties in the Americas. It explores for silver, gold, lead, zinc, and copper deposits, as well as precious metals assets. The company holds interest in the La Arena gold mine located in the Huamachuco district of northern Peru; Shahuindo mine located in the province of Cajabamba in northern Peru; and La Arena II, a copper-gold porphyry deposit located in Peru.
Featured Story: How to calculate compound interest
Receive News & Ratings for Tahoe Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tahoe Resources and related companies with MarketBeat.com's FREE daily email newsletter.