Tahoe Resources (THO) Price Target Lowered to C$5.75 at Eight Capital

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Tahoe Resources (TSE:THO) (NASDAQ:TAHO) had its target price cut by Eight Capital from C$7.00 to C$5.75 in a research note released on Wednesday morning.

Several other research analysts have also recently weighed in on THO. Macquarie lowered their price target on shares of Tahoe Resources from C$9.00 to C$6.00 in a research report on Wednesday. Beacon Securities cut shares of Tahoe Resources from a buy rating to a hold rating and lowered their price target for the company from C$10.00 to C$5.75 in a research report on Tuesday. National Bank Financial lowered their price target on shares of Tahoe Resources from C$8.00 to C$7.00 in a research report on Saturday, July 14th. TD Securities lowered their price target on shares of Tahoe Resources from C$6.50 to C$6.00 and set a hold rating on the stock in a research report on Tuesday, August 21st. Finally, Canaccord Genuity lowered their price target on shares of Tahoe Resources from C$10.00 to C$9.00 in a research report on Tuesday, July 24th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of C$6.67.

Shares of THO stock opened at C$3.56 on Wednesday. Tahoe Resources has a twelve month low of C$3.37 and a twelve month high of C$8.50.

Tahoe Resources (TSE:THO) (NASDAQ:TAHO) last announced its quarterly earnings results on Wednesday, August 1st. The company reported C($0.06) earnings per share for the quarter, missing the consensus estimate of C($0.03) by C($0.03). The firm had revenue of C$164.04 million for the quarter, compared to analyst estimates of C$151.80 million. Tahoe Resources had a negative net margin of 15.30% and a negative return on equity of 2.74%.

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.

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Analyst Recommendations for Tahoe Resources (TSE:THO)

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