Tahoe Resources Inc (TAHO) Receives Average Recommendation of “Hold” from Brokerages

Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) has earned an average recommendation of “Hold” from the eleven research firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company.

TAHO has been the topic of several recent research reports. Zacks Investment Research downgraded Tahoe Resources from a “hold” rating to a “sell” rating in a report on Thursday, January 25th. Credit Suisse Group downgraded Tahoe Resources from an “outperform” rating to a “neutral” rating in a report on Friday, January 26th.

Several hedge funds have recently bought and sold shares of TAHO. Alliancebernstein L.P. raised its position in shares of Tahoe Resources by 6.6% in the 2nd quarter. Alliancebernstein L.P. now owns 176,420 shares of the basic materials company’s stock worth $1,521,000 after acquiring an additional 10,850 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Tahoe Resources by 7.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 37,604 shares of the basic materials company’s stock worth $321,000 after acquiring an additional 2,480 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Tahoe Resources by 135.1% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 58,644 shares of the basic materials company’s stock worth $506,000 after acquiring an additional 33,702 shares in the last quarter. Northern Trust Corp raised its position in shares of Tahoe Resources by 1.6% in the 2nd quarter. Northern Trust Corp now owns 625,421 shares of the basic materials company’s stock worth $5,391,000 after acquiring an additional 9,600 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Tahoe Resources by 5.8% in the 2nd quarter. Vanguard Group Inc. now owns 6,535,633 shares of the basic materials company’s stock worth $56,338,000 after acquiring an additional 355,413 shares in the last quarter. 64.58% of the stock is owned by hedge funds and other institutional investors.

Tahoe Resources (TAHO) opened at $4.13 on Monday. The company has a market capitalization of $1,290.00, a PE ratio of 13.32, a price-to-earnings-growth ratio of 2.26 and a beta of 0.40. Tahoe Resources has a twelve month low of $3.76 and a twelve month high of $9.68.

WARNING: This report was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another publication, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this report can be read at https://www.dispatchtribunal.com/2018/02/19/tahoe-resources-inc-taho-receives-average-recommendation-of-hold-from-brokerages.html.

Tahoe Resources Company Profile

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)

Receive News & Ratings for Tahoe Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tahoe Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply