Wall Street analyst has provided a review for the Materials company on September 16, but retained the same rating on the stock. RBC Capital’s analyst Stephen Walker reiterates their Hold rating on the shares of Tahoe Resources (TSX: THO), with a C$5.50 price target.
According to TipRanks.com, Walker is a 4-star analyst with an average return of 8.1% and a 47.9% success rate. Walker covers the Basic Materials sector, focusing on stocks such as Centerra Gold Inc, Agnico Eagle, and Barrick Gold.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tahoe Resources with a C$6.89 average price target, which is an 82.3% upside from current levels. In a report issued on September 11, National Bank also maintained a Hold rating on the stock with a C$5 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$3.78, close to its 52-week low of C$3.36.
