The Materials sector company, Tahoe Resources (TSX: THO), has received a rating update from a Wall Street analyst today. National Bank’s analyst Don DeMarco reiterates their Hold rating on the shares, with a C$5 price target.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tahoe Resources with a C$7.15 average price target, a 100.3% upside from current levels. In a report issued on September 4, TD Securities also reiterated a Hold rating on the stock with a C$3.75 price target.
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Based on Tahoe Resources’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of C$20.08 million. In comparison, last year the company had a net profit of C$45.03 million.
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 Tuesday at C$3.57, close to its 52-week low of C$3.36.
