TD Securities Cuts Tahoe Resources (THO) Price Target to C$3.75

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Tahoe Resources (TSE:THO) (NASDAQ:TAHO) had its price objective cut by TD Securities from C$6.00 to C$3.75 in a research report report published on Wednesday morning. They currently have a hold rating on the stock.

A number of other equities research analysts have also issued reports on THO. Canaccord Genuity cut their price target on shares of Tahoe Resources from C$10.00 to C$9.00 in a report on Tuesday, July 24th. Beacon Securities lowered shares of Tahoe Resources from a buy rating to a hold rating and cut their price target for the company from C$10.00 to C$5.75 in a report on Tuesday. Macquarie cut their price target on shares of Tahoe Resources from C$9.00 to C$6.00 in a report on Wednesday. National Bank Financial cut their price target on shares of Tahoe Resources from C$8.00 to C$7.00 in a report on Saturday, July 14th. Finally, Eight Capital cut their price target on shares of Tahoe Resources from C$7.00 to C$5.75 in a report on Wednesday. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Tahoe Resources currently has a consensus rating of Hold and a consensus price target of C$6.67.

TSE THO opened at C$3.76 on Wednesday. Tahoe Resources has a 12 month low of C$3.36 and a 12 month high of C$8.50.

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

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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