Short Term Price Target on Tahoe Resources (TAHO)

Tahoe Resources (NYSE:TAHO) : The consensus price target for Tahoe Resources (NYSE:TAHO) is $16.32 for the short term with a standard deviation of $1.87. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $19, however, the pessimist price target for the company is $15.

Shares of Tahoe Resources Inc. rose by 12.81% in the last five trading days and 25.59% for the last 4 weeks. Tahoe Resources Inc. is up 49.25% in the last 3-month period. Year-to-Date the stock performance stands at 72.66%. Also, In a research note released to the investors, Raymond James downgrades its rating on Tahoe Resources (NYSE:TAHO).The analysts at the brokerage house have a current rating of Outperform on the shares. Earlier, the shares were rated a Strong Buy by the brokerage firm. The rating by the firm was issued on April 20, 2016.

Tahoe Resources (NYSE:TAHO) has an average broker rating of 1.2, which is interpreted as a Strong Buy, as rated by 5 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.

Tahoe Resources (NYSE:TAHO): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.96 and $14.54 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.97, notching a gain of 0.88% for the day. The total traded volume was 2,924,991 . The stock had closed at $14.84 on the previous day.

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.

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