Tahoe Resources Inc (NASDAQ:TAHO) has been downgraded to Hold in a report by Zacks Investment Research today.
- Updated: October 11, 2016
Yesterday Tahoe Resources Inc (NASDAQ:TAHO) traded -1.78% lower at $11.03. The company’s 50-day moving average is $13.35 and its 200-day moving average is $13.59. The last stock close price is down -18.61% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,627,191 shares of Tahoe Resources Inc exchanged hands, down from an avg. volume of 1,996,870
Zacks Investment Research has downgraded Tahoe Resources Inc (NASDAQ:TAHO) to Hold in a report released on 10/11/2016.
With a total market value of $0, Tahoe Resources Inc has one year low of $6.48 and a one year high of $17.01 .
A total of 4 brokerages have issued a research note on the stock. 2 analysts rating the company a strong buy, one equity analyst rating the company a buy, 0 brokerages rating the stock a hold, zero brokers rating the stock a underperform, and finally zero firms rating the stock a sell with a consensus price target of $13.01.
More About Tahoe Resources Inc (NASDAQ:TAHO)
Tahoe Resources Inc. is a mine operating, mineral exploration and development company. The Company's principal business activities are to operate 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. It conducts its business in two segments based on the primary metal produced: gold and silver. The Escobal mine contains silver, gold, lead, and zinc mineralization, and the La Arena mine contains a gold oxide deposit. The Shahuindo gold project is an advanced-stage, oxide deposit. The Escobal mine produces metal concentrates containing approximately 20.4 million ounces of silver, 11,740 ounces of gold, 10,150 tons of lead and 14,810 tons of zinc. Its La Arena mine produces approximately 174,070 gold ounces. It also focuses on the acquisition, exploration and operation of mineral properties for the mining of precious metals in the Americas.
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