TD Securities Downgrades Tahoe Resources (THO) to Hold

By Ryan Adsit

Tahoe Resources (THOResearch Report) has received a rating update from a Wall Street analyst today. Analyst Daniel Earle from TD Securities rated Tahoe Resources (THOResearch Report) a Hold, setting a C$4.50 price target.

According to TipRanks.com, Earle ‘s ranking currently consits of no stars on a 0-5 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 word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tahoe Resources with a C$5.82 average price target.

Tahoe Resources’ market cap is currently C$1.36B and has a P/E ratio of 0. The company has a Price to Book ratio of 0.44.

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 Monday at C$4.40.