JP Morgan: “Time To “Overweight” Tahoe Resources (NYSE:TAHO)”


How JP Morgan Currently Rates Tahoe Resources (NYSE:TAHO)

JP Morgan began issuing coverage on Tahoe Resources (NYSE:TAHO) shares recently in recent note issued on 11 December. The financial company has decided to place a “Overweight” rating on TAHO stock.

Approximately 245,575 shares of stock traded hands. Tahoe Resources Inc (NYSE:TAHO) has declined 34.93% since May 8, 2015 and is downtrending. It has underperformed by 31.91% the S&P500.

Tahoe Resources Inc. is a mineral exploration, development and mine operating company. The company has a market cap of $2.04 billion. The Company’s principal business activity is to operate the Escobal mine, a mining operation in southeastern Guatemala. It has 44 P/E ratio. The Escobal deposit is an intermediate-sulfidation fault-related vein formed within Tertiary sedimentary and volcanic rocks within the Caribbean plate.

According to Zacks Investment Research, “Tahoe Resources Inc. is engaged in the exploration and development of mineral properties in the United States for the mining of precious metals. It principally holds interests in the Escobal project located in southeastern Guatemala. Tahoe Resources Inc. is headquartered in Reno, Nevada.” Get a free copy of the Zacks research report on Tahoe Resources Inc (TAHO).