In a new note to investors on September 19, an analyst has provided a rating update for the Materials sector company, Tahoe Resources (TSX: THO). Analyst Andrew Breichmanas from BMO Capital remains bullish on the stock and has a C$7.50 price target.
According to TipRanks.com, Breichmanas is a 3-star analyst with an average return of 9.1% and a 42.9% success rate. Breichmanas covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Pan American Silver, and Agnico Eagle.
Tahoe Resources has an analyst consensus of Moderate Buy, with a price target consensus of C$6.58.
Tahoe Resources’ market cap is currently C$1.21B and has a P/E ratio of 0. The company has a Price to Book ratio of 0.35.
Tahoe Resources, Inc. engages in the exploration, development, operation, and acquisition of mineral properties for the mining of precious metals in the Americas. It also produces silver, gold, lead, and zinc from mines locates in Guatemala, Peru, and Canada.
The company’s shares closed on Friday at C$3.65, close to its 52-week low of C$3.36.
