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Tahoe Resources (NYSE:TAHO) has been downgraded from Outperform to Neutral in a statement by Credit Suisse earlier today.

Credit Suisse has downgraded Tahoe Resources (NYSE:TAHO) from Outperform to Neutral in a statement released on Friday July 07, 2017.

Boasting a price of $5.56, Tahoe Resources (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 S&P 500 Index which has increased 0.05% over the date range. Tahoe Resources has recorded a 50-day 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

Performance Chart

Tahoe Resources (NYSE:TAHO)

With a total market value of $0, Tahoe Resources has price-earnings ratio of 10.04 with a one year low of $4.93 and a one year high of $16.67 .

A total of 4 brokers have issued a research note on the stock. 2 firms rating the stock a strong buy, 1 broker rating the stock a buy, 0 equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally 0 brokerages rating the stock a sell with a average stock price target of $13.01.

Brief Synopsis On Tahoe Resources (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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