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Tahoe Resources Inc (NYSE:TAHO) has been downgraded to Sector Perform in a report by Royal Bank Of Canada today.

Displaying a price of $5.56, Tahoe Resources Inc (NYSE:TAHO) traded 6.37% higher on the day. With the last close down -30.72% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.05% over the same time period. The company has recorded a 50-day moving average of $6.12 and a two hundred day average of $7.95. Volume of trade was down over the average, with 3,284,456 shares of TAHO changing hands under the typical 3,426,070

Royal Bank Of Canada has downgraded Tahoe Resources Inc (NYSE:TAHO) to Sector Perform in a statement released on 7/7/2017.

Performance Chart

Tahoe Resources Inc (NYSE:TAHO)

With a total market value of $0, Tahoe Resources Inc has 52 week low of $4.93 and a 52 week high of $16.67 with a P/E ratio of 10.04 .

In addition to Royal Bank Of Canada reporting its target price, a total of 4 firms have reported on the stock. The consensus target price is $13.01 with 2 firms rating the stock a strong buy, 1 firm rating the stock a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and lastly zero analysts rating the company a sell.

More About Tahoe Resources Inc (NYSE:TAHO)

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. Its additional business objectives include the expansion of gold production at the Shahuindo and Bell Creek mines, the development of the Whitney Project and the ongoing exploration programs in Peru and Canada. It focuses on the initial evaluation of exploration/development projects with the main projects being the La Arena copper-gold sulfide project in Peru and the Fenn-Gib gold project in Canada.

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