The Brokerages Set Tahoe Resources Inc. (NYSE:TAHO) Price Target at $14.88

The Brokerages Set Tahoe Resources Inc. (NYSE:TAHO) Price Target at $14.88

Shares of Tahoe Resources Inc. (NYSE:TAHO) have received an average rating of “Buy” from the ten ratings firms that are covering the firm. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $14.88.

Separately, Desjardins reissued a “buy” rating on shares of Tahoe Resources in a research note on Wednesday, August 31st.

Large investors have recently made changes to their positions in the company. Franklin Resources Inc. boosted its stake in shares of Tahoe Resources by 14.1% in the first quarter. Franklin Resources Inc. now owns 2,623,200 shares of the company’s stock worth $26,312,000 after buying an additional 324,500 shares during the period. Credit Agricole S A boosted its stake in shares of Tahoe Resources by 60.6% in the first quarter. Credit Agricole S A now owns 840,200 shares of the company’s stock worth $8,427,000 after buying an additional 317,100 shares during the period. TIAA CREF Investment Management LLC boosted its stake in shares of Tahoe Resources by 5.9% in the first quarter. TIAA CREF Investment Management LLC now owns 552,565 shares of the company’s stock worth $5,542,000 after buying an additional 30,954 shares during the period. 1832 Asset Management L.P. boosted its stake in shares of Tahoe Resources by 4,104.6% in the first quarter. 1832 Asset Management L.P. now owns 517,170 shares of the company’s stock worth $8,978,000 after buying an additional 504,870 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Tahoe Resources by 93.7% in the first quarter. Goldman Sachs Group Inc. now owns 414,163 shares of the company’s stock worth $4,154,000 after buying an additional 200,396 shares during the period. 60.73% of the stock is owned by institutional investors and hedge funds.

Shares of Tahoe Resources (NYSE:TAHO) opened at 11.12 on Wednesday. Tahoe Resources has a one year low of $6.48 and a one year high of $17.01. The company’s market capitalization is $3.46 billion. The stock has a 50 day moving average price of $13.46 and a 200-day moving average price of $13.55.

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