Tahoe Resources Inc (TSE:THO) (NASDAQ:TAHO) had its target price reduced by National Bank Financial from C$7.50 to C$7.25 in a research note issued to investors on Wednesday morning. They currently have a sector perform rating on the stock. National Bank Financial also issued estimates for Tahoe Resources’ FY2017 earnings at $0.38 EPS, FY2018 earnings at $0.50 EPS, FY2019 earnings at $0.88 EPS and FY2020 earnings at $1.00 EPS.
Other research analysts also recently issued reports about the company. Eight Capital reaffirmed a neutral rating on shares of Tahoe Resources in a report on Thursday, August 17th. CIBC cut their target price on Tahoe Resources from C$8.00 to C$7.75 in a report on Monday, September 25th. Canaccord Genuity cut their target price on Tahoe Resources from C$12.00 to C$9.00 and set a buy rating on the stock in a report on Wednesday, August 9th. BMO Capital Markets lowered their price objective on Tahoe Resources from C$10.00 to C$7.00 and set an outperform rating for the company in a research report on Tuesday, September 12th. Finally, TD Securities lowered their price objective on Tahoe Resources from C$8.50 to C$8.00 in a research report on Wednesday, October 11th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of C$10.35.
Tahoe Resources (THO) opened at C$5.53 on Wednesday. Tahoe Resources has a twelve month low of C$5.31 and a twelve month high of C$15.11.
In other news, insider James Voorhees bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was acquired at an average cost of C$5.41 per share, with a total value of C$27,050.00.
Tahoe Resources Company Profile
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.
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