Zacks Rating on Tahoe Resources (TAHO)

Tahoe Resources (TAHO) : Zacks Investment Research ranks Tahoe Resources (TAHO) as 2, which is a Buy recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. The average broker rating of 6 research analysts is 1.33, which indicates as a Strong Buy.

Tahoe Resources (TAHO) : The highest level Tahoe Resources (TAHO) is projected to reach is $23 for the short term and the lowest estimate is at $15. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $19.29 and the possibility the share price can swing is $2.82.


Tahoe Resources Inc. has lost 11.63% in the last five trading days and dropped 1.11% in the last 4 weeks. Tahoe Resources Inc. is up 19.6% in the last 3-month period. Year-to-Date the stock performance stands at 64.71%. Tahoe Resources (NYSE:TAHO): On Tuesdays trading session , Opening price of the stock was $14.58 with an intraday high of $14.64. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $14.26. However, the stock managed to close at $14.28, a loss of 1.04% for the day. On the previous day, the stock had closed at $14.43. The total traded volume of the day was 1,432,716 shares.

Tahoe Resources Inc. is a mineral exploration, development and mine operating company. The Companys principal business activity is to operate the Escobal mine, a mining operation in southeastern Guatemala. The Escobal deposit is an intermediate-sulfidation fault-related vein formed within Tertiary sedimentary and volcanic rocks within the Caribbean plate. The Escobal vein system hosts silver, gold, lead and zinc, with an associated epithermal suite of elements, within quartz and quartz-carbonate veins. It is also engaged in the acquisition, exploration, development and operation of mineral properties in the Americas for the mining of precious metals. The Company produces metal-bearing concentrates. Silver, gold, lead and zinc are recovered by differential flotation, producing silver-rich lead concentrates and zinc concentrates, which are sold to third-party smelters under concentrate sales arrangements.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.