Tahoe Resources (TAHO) was Downgraded to a Hold Rating at TD Securities


According to The Fly, tD Securities analyst Daniel Earle downgraded Tahoe Resources (TAHO) to Hold today. The company’s shares opened today at $3.24.

According to TipRanks.com, Earle is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -10.2% and a 24.5% success rate. Earle covers the Basic Materials sector, focusing on stocks such as Detour Gold Corporation, First Majestic Silver, and Guyana Goldfields Inc.

The the analyst consensus on Tahoe Resources is currently a Moderate Buy rating.

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Based on Tahoe Resources’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $190 million. In comparison, last year the company had a GAAP net loss of $8.38 million.

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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.

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