How JP Morgan Currently Rates Tahoe Resources Inc (TSE:THO)
JP Morgan began issuing coverage on Tahoe Resources Inc (TSE:THO) shares recently in a note finalized on 11 December. The firm has decided to place a Overweight rating on THO stock.
From a total of 13 analysts covering Tahoe Resources Inc (TSE:THO) stock, 12 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 92% of the ratings are positive. The highest target price is $20 while the lowest target price is $10.87. The mean of all analyst targets is $14.04 with a 43.66% above today’s ($12.3) stock price. Tahoe Resources Inc was the topic of 5 analyst reports since August 24, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on November 26 with “Outperform” rating.
Approximately 698,158 shares of stock traded hands or 35.69% up from the average. Tahoe Resources Inc (TSE:THO) has declined 26.83% since May 8, 2015 and is downtrending. It has underperformed by 23.81% the S&P500.
The overall sentiment of institutions has decreased to 1.27 in Q2 2015. Its down 0.36, from 1.63 in 2015Q2. The ratio is negative, as 28 institutions have sold all the shares of Tahoe Resources Inc that they owned while 90 funds have taken shares off the table. 34 funds have purchased shares for the first time while 116 added to their positions. These institutions now hold 42.15 million shares or 7.25% less than the 45.44 million shares they owned in 2015Q2.
The Fund 12Th Street Asset Management Company Llc currently is holding shares equating to 5.84% of its total portfolio in Tahoe Resources Inc representing a total of 307,285 shares. Another fund,Springbank Value Partners Lp, is holding a total of 49,400 shares equating to 4.91% of their holdings. Additionally, Value Holdings Lp has a 126,076 share stake in Tahoe Resources Inc which represents 4.73% of their total portfolio. The Fund, Southernsun Asset Management Llc, based out of Tennessee, has also built up a stake in the stock, which represents a total of 3.72% of their total portfolio. Finally Fourpoints Investment Managers S.A.S., a fund which is based in the state of New York reported a total holdings of 117,200 shares.
Tahoe Resources Inc. is a mineral exploration, development and mine operating company. The company has a market cap of $2.84 billion. The Company’s principal business activity is to operate the Escobal mine, a mining operation in southeastern Guatemala. It has 37.48 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, “Thor Industries manufactures a wide range of recreational vehicles (RVs) at various manufacturing facilities located in Indiana and Ohio and sold through independent dealers in the U.S. and Canada.” Get a free copy of the Zacks research report on Tahoe Resources Inc (THO).