Somewhat Favorable News Coverage Somewhat Unlikely to Affect Tahoe Resources (TAHO) Stock Price

News stories about Tahoe Resources (NYSE:TAHO) (TSE:THO) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tahoe Resources earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned headlines about the basic materials company an impact score of 45.7876875044516 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the media headlines that may have impacted Accern’s analysis:

Several equities analysts recently commented on TAHO shares. ValuEngine lowered Tahoe Resources from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub lowered Tahoe Resources from a “hold” rating to a “sell” rating in a report on Saturday, June 17th. UBS AG lowered Tahoe Resources from a “strong-buy” rating to an “outperform” rating in a report on Friday, June 23rd. Raymond James Financial, Inc. lowered Tahoe Resources from a “strong-buy” rating to an “outperform” rating in a report on Friday, June 23rd. Finally, TD Securities lowered Tahoe Resources from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $17.33.

Shares of Tahoe Resources (NYSE:TAHO) traded down 3.66% during midday trading on Friday, hitting $5.52. 6,004,145 shares of the stock traded hands. The firm has a 50-day moving average price of $5.27 and a 200 day moving average price of $7.31. Tahoe Resources has a one year low of $4.24 and a one year high of $14.60. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 10.05 and a beta of 0.44.

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Tahoe Resources Company Profile

Tahoe Resources Inc is a mine operations, and mineral exploration and development company. The Company’s principal business activities are the exploration, development, operation and acquisition of mineral properties for the mining of precious metals in the Americas. Its business involves operating the Escobal mine, a silver mining operation located in southeastern Guatemala, the La Arena and Shahuindo mines, gold mining operations located in northwestern Peru, and the Bell Creek mine and mill and the Timmins West mine, gold mining operations located in northeastern Ontario, Canada.

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