Tahoe Resources (TAHO) Upgraded to “Hold” at ValuEngine

ValuEngine upgraded shares of Tahoe Resources (NYSE:TAHO) (TSE:THO) from a sell rating to a hold rating in a research note released on Monday, February 4th.

A number of other research firms have also recently commented on TAHO. Canaccord Genuity restated a buy rating on shares of Tahoe Resources in a report on Tuesday, November 13th. Zacks Investment Research upgraded shares of Tahoe Resources from a sell rating to a hold rating in a report on Friday, November 16th. Finally, BMO Capital Markets cut shares of Tahoe Resources from an outperform rating to a market perform rating and set a $5.00 price objective for the company. in a report on Thursday, December 20th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of $5.00.

Shares of TAHO remained flat at $$3.64 during trading hours on Monday. The company has a current ratio of 1.82, a quick ratio of 0.74 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $1.14 billion, a PE ratio of 13.48, a P/E/G ratio of 3.88 and a beta of 0.41. Tahoe Resources has a twelve month low of $2.17 and a twelve month high of $5.63.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TAHO. Advisors Preferred LLC bought a new stake in Tahoe Resources in the fourth quarter worth about $31,000. ARGA Investment Management LP bought a new stake in shares of Tahoe Resources in the fourth quarter valued at approximately $41,000. Lourd Capital LLC bought a new stake in shares of Tahoe Resources in the fourth quarter valued at approximately $51,000. PEAK6 Investments LLC bought a new stake in shares of Tahoe Resources in the fourth quarter valued at approximately $64,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Tahoe Resources by 37.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,695 shares of the basic materials company’s stock valued at $79,000 after purchasing an additional 5,886 shares during the period. 68.60% of the stock is currently owned by institutional investors.

Tahoe Resources Company Profile

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.

Further Reading: Ex-Dividend

To view ValuEngine’s full report, visit ValuEngine’s official website.

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