Tahoe Resources (THO) Reaches New 12-Month Low at $3.05

Tahoe Resources Inc (TSE:THO) (NASDAQ:TAHO)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$3.05 and last traded at C$3.17, with a volume of 963829 shares traded. The stock had previously closed at C$3.25.

THO has been the topic of a number of recent research reports. National Bank Financial dropped their price target on Tahoe Resources from C$8.00 to C$7.00 in a research report on Saturday, July 14th. Canaccord Genuity dropped their price target on Tahoe Resources from C$10.00 to C$9.00 in a research report on Tuesday, July 24th. TD Securities dropped their price target on Tahoe Resources from C$6.50 to C$6.00 and set a “hold” rating on the stock in a research report on Tuesday, August 21st. Beacon Securities downgraded Tahoe Resources from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$10.00 to C$5.75 in a research report on Tuesday, September 4th. Finally, Macquarie dropped their price target on Tahoe Resources from C$9.00 to C$6.00 in a research report on Wednesday, September 5th.

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Tahoe Resources Company Profile (TSE:THO)

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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