Tahoe Resources Inc (TSE:THO) (NASDAQ:TAHO)’s share price dropped 3.5% on Monday . The stock traded as low as C$5.77 and last traded at C$5.97. Approximately 937,929 shares changed hands during trading, a decline of 31% from the average daily volume of 1,359,237 shares. The stock had previously closed at C$5.77.
THO has been the subject of several research analyst reports. Canaccord Genuity cut their target price on shares of Tahoe Resources from C$11.00 to C$10.50 in a research note on Friday, October 20th. CSFB raised shares of Tahoe Resources from a “neutral” rating to an “outperform” rating and set a C$9.25 target price for the company in a research note on Monday, September 11th. National Bank Financial cut their target price on shares of Tahoe Resources from C$8.50 to C$7.50 and set a “sector perform” rating for the company in a research note on Friday, August 25th. TD Securities cut their target price on shares of Tahoe Resources from C$8.50 to C$8.00 in a research note on Wednesday, October 11th. Finally, BMO Capital Markets cut their target price on shares of Tahoe Resources from C$10.00 to C$7.00 and set an “outperform” rating for the company in a research note on Tuesday, September 12th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of C$10.35.
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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.
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