RBC Capital Reiterates Their Buy Rating on Tahoe Resources

By Jason Carr

Today, an analyst has provided a rating update for the Materials sector company, Tahoe Resources (TSX: THO). The company received a Buy rating from RBC Capital’s analyst Stephen Walker, with a C$15 price target.

According to TipRanks.com, Walker is a 3-star analyst with an average return of 1.5% and a 47.2% success rate. Walker covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Novagold Resources Inc New.

Tahoe Resources has an analyst consensus of Strong Buy, with a price target consensus of C$14.94.

The company has a one year high of C$22.13 and a one year low of C$9.58. Currently, Tahoe Resources has an average volume of 1.28M.

Tahoe Resources Inc. engages in the acquisition, exploration and development of mineral properties. It operates the Escobal silver mine in Guatemala and La Arena gold mine in Peru and is the Shahuindo project, also in Peru. The company was founded by C. Kevin McArthur on November 10, 2009 and is headquartered in Reno, NV.

The company’s shares closed last Wednesday at $12.36.