Tahoe Resources, Inc. (TAHO) Given Average Recommendation of “Hold” by Brokerages

Tahoe Resources, Inc. (NYSE:TAHO) (TSE:THO) has received an average recommendation of “Hold” from the twelve brokerages that are currently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $16.50.

Several equities research analysts have issued reports on the stock. UBS AG cut shares of Tahoe Resources from a “strong-buy” rating to an “outperform” rating in a research report on Friday, June 23rd. National Bank Financial reissued a “sec perform spec market wgt” rating on shares of Tahoe Resources in a research report on Sunday, July 23rd. BidaskClub cut shares of Tahoe Resources from a “hold” rating to a “sell” rating in a research report on Saturday, June 17th. Credit Suisse Group raised shares of Tahoe Resources from a “neutral” rating to an “outperform” rating in a research report on Monday, September 11th. Finally, ValuEngine raised shares of Tahoe Resources from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th.

Tahoe Resources (NYSE:TAHO) opened at 5.37 on Wednesday. The company has a 50-day moving average of $5.28 and a 200-day moving average of $7.02. The company has a market capitalization of $1.68 billion, a P/E ratio of 9.78 and a beta of 0.42. Tahoe Resources has a 1-year low of $4.24 and a 1-year high of $12.65.

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Institutional investors and hedge funds have recently made changes to their positions in the company. High Pointe Capital Management LLC purchased a new stake in shares of Tahoe Resources in the 2nd quarter worth approximately $106,000. Quantbot Technologies LP lifted its position in shares of Tahoe Resources by 181.9% in the 1st quarter. Quantbot Technologies LP now owns 14,874 shares of the basic materials company’s stock worth $119,000 after purchasing an additional 9,598 shares during the period. Karp Capital Management Corp purchased a new stake in shares of Tahoe Resources in the 1st quarter worth approximately $143,000. Laurion Capital Management LP lifted its position in shares of Tahoe Resources by 18.8% in the 1st quarter. Laurion Capital Management LP now owns 20,200 shares of the basic materials company’s stock worth $162,000 after purchasing an additional 3,200 shares during the period. Finally, SG Americas Securities LLC lifted its position in shares of Tahoe Resources by 76.8% in the 1st quarter. SG Americas Securities LLC now owns 21,175 shares of the basic materials company’s stock worth $170,000 after purchasing an additional 9,195 shares during the period. 71.12% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Tahoe Resources (NYSE:TAHO)

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