Tahoe Resources Inc (THO) Receives C$8.33 Consensus Target Price from Brokerages

Tahoe Resources Inc (TSE:THO) (NASDAQ:TAHO) has received a consensus rating of “Hold” from the nine brokerages that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$8.33.

Several analysts recently issued reports on THO shares. National Bank Financial cut their target price on shares of Tahoe Resources from C$9.50 to C$8.00 and set a “sector perform” rating for the company in a research report on Friday, May 4th. Eight Capital cut their target price on shares of Tahoe Resources from C$7.50 to C$7.00 in a research report on Thursday, May 3rd.

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Shares of Tahoe Resources traded up C$0.05, hitting C$6.81, during mid-day trading on Friday, according to Marketbeat.com. 226,253 shares of the company traded hands, compared to its average volume of 910,494. Tahoe Resources has a 1 year low of C$4.75 and a 1 year high of C$11.02.

Tahoe Resources (TSE:THO) (NASDAQ:TAHO) last released its quarterly earnings data on Wednesday, May 2nd. The company reported C($0.03) earnings per share for the quarter, missing the consensus estimate of C$0.01 by C($0.04). Tahoe Resources had a negative net margin of 15.30% and a negative return on equity of 2.74%. The company had revenue of C$176.90 million for the quarter.

About Tahoe Resources

Tahoe Resources Inc, together with its subsidiaries, acquires, explores for, develops, and operates mineral properties in the Americas. It explores for silver, gold, lead, zinc, and copper deposits, as well as precious metals assets. The company holds interest in the La Arena gold mine located in the Huamachuco district of northern Peru; Shahuindo mine located in the province of Cajabamba in northern Peru; and La Arena II, a copper-gold porphyry deposit located in Peru.

Analyst Recommendations for Tahoe Resources (TSE:THO)

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