Is Tahoe Resources Inc Ordinary Shares (canada) (NYSE:TAHO) a Buy? The Stock Reported more Sellers

April 16, 2018 - By Harriett Tippett

The stock of Tahoe Resources Inc Ordinary Shares (canada) (NYSE:TAHO) registered an increase of 24.34% in short interest. TAHO’s total short interest was 7.48M shares in April as published by FINRA. Its up 24.34% from 6.01M shares, reported previously. With 3.05M shares average volume, it will take short sellers 3 days to cover their TAHO’s short positions. The short interest to Tahoe Resources Inc Ordinary Shares (canada)’s float is 2.44%.

The stock increased 1.18% or $0.06 during the last trading session, reaching $5.15. About 335,544 shares traded. Tahoe Resources Inc. (NYSE:TAHO) has declined 37.91% since April 16, 2017 and is downtrending. It has underperformed by 49.46% the S&P500.

Tahoe Resources Inc., together with its subsidiaries, explores, develops, and operates mines in the Americas. The company has market cap of $1.55 billion. It primarily produces copper, gold, silver, lead/zinc, and natural gas and petroleum, as well as precious metals assets. It has a 19.81 P/E ratio. The firm holds interest in the Escobal mine property comprising 23.7 million tonnes of proven and probable mineral reserves located in southeast Guatemala; La Arena mine property consisting of 54.1 million tonnes of proven and probable mineral reserves located in northern Per??; and Shahuindo mine comprising 110.3 million tonnes of proven and probable mineral reserves located in northern Per??.

Tahoe Resources Inc. (NYSE:TAHO) Ratings Coverage

Among 2 analysts covering Tahoe Resources (NYSE:TAHO), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Tahoe Resources had 2 analyst reports since January 26, 2018 according to SRatingsIntel. Credit Suisse downgraded Tahoe Resources Inc. (NYSE:TAHO) on Friday, January 26 to “Hold” rating. The firm earned “Buy” rating on Wednesday, March 28 by Cantor Fitzgerald.

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