Insider Selling: Tahoe Resources (THO) Insider Sells C$15,018.30 in Stock

Tahoe Resources (TSE:THO) (NASDAQ:TAHO) insider Rusty Banbury sold 2,442 shares of the business’s stock in a transaction on Tuesday, April 3rd. The shares were sold at an average price of C$6.15, for a total value of C$15,018.30.

THO stock opened at C$6.21 on Friday. Tahoe Resources has a 52 week low of C$4.75 and a 52 week high of C$12.98.

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Tahoe Resources (TSE:THO) (NASDAQ:TAHO) last released its quarterly earnings data on Thursday, February 22nd. The company reported C($0.07) EPS for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.06). The firm had revenue of C$149.51 million for the quarter. Tahoe Resources had a negative return on equity of 2.74% and a negative net margin of 15.30%.

Several research analysts have weighed in on THO shares. CIBC cut their price target on Tahoe Resources from C$7.50 to C$6.50 in a report on Thursday, December 14th. National Bank Financial upped their price objective on Tahoe Resources from C$7.25 to C$7.50 and gave the stock a “sector perform” rating in a report on Friday, January 26th. Canaccord Genuity dropped their price objective on Tahoe Resources from C$10.50 to C$10.00 in a report on Friday, February 16th. Finally, TD Securities dropped their price objective on Tahoe Resources from C$7.00 to C$6.50 and set a “hold” rating for the company in a report on Monday, February 26th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Tahoe Resources currently has an average rating of “Hold” and an average target price of C$8.50.

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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.

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