BMO Capital Markets Cuts Tahoe Resources Inc (THO) Price Target to C$7.00

Tahoe Resources Inc (TSE:THO) (NASDAQ:TAHO) had its price target reduced by BMO Capital Markets from C$10.00 to C$7.00 in a research report sent to investors on Tuesday. They currently have an outperform rating on the stock.

THO has been the subject of several other research reports. CSFB upgraded shares of Tahoe Resources from a neutral rating to an outperform rating and set a C$9.25 price objective for the company in a research report on Monday, September 11th. National Bank Financial lowered shares of Tahoe Resources from an outperform market weight rating to a sector perform market weight rating in a research report on Wednesday, July 5th. Royal Bank Of Canada reduced their price objective on shares of Tahoe Resources from C$15.00 to C$10.00 and set a sector perform rating for the company in a research report on Friday, July 7th. Raymond James Financial, Inc. reduced their price objective on shares of Tahoe Resources from C$15.75 to C$10.75 and set a market perform rating for the company in a research report on Friday, July 7th. Finally, Canaccord Genuity reduced their price objective on shares of Tahoe Resources from C$12.00 to C$9.00 and set a buy rating for the company in a research report on Wednesday, August 9th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of C$10.50.

Tahoe Resources (TSE:THO) opened at 6.70 on Tuesday. Tahoe Resources has a 12 month low of $5.31 and a 12 month high of $18.99. The firm has a market cap of $2.10 billion and a PE ratio of 12.20. The firm’s 50-day moving average is $6.58 and its 200-day moving average is $9.66.

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In other Tahoe Resources news, Director Ronald Wayne Clayton acquired 20,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average price of C$5.55 per share, with a total value of C$111,000.00. Also, insider James Voorhees acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were acquired at an average cost of C$5.41 per share, for a total transaction of C$27,050.00.

About Tahoe Resources

Tahoe Resources Inc is a mine operations, and mineral exploration and development company. The Company’s principal business activities are the exploration, development, operation and acquisition of mineral properties for the mining of precious metals in the Americas. Its business involves operating the Escobal mine, a silver mining operation located in southeastern Guatemala, the La Arena and Shahuindo mines, gold mining operations located in northwestern Peru, and the Bell Creek mine and mill and the Timmins West mine, gold mining operations located in northeastern Ontario, Canada.

Analyst Recommendations for Tahoe Resources (TSE:THO)

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