What’s Ahead for Tahoe Resources Inc Ordinary Shares (canada) (NYSE:TAHO) After Less Shorted Shares?

July 13, 2018 - By Theresa Judd

The stock of Tahoe Resources Inc Ordinary Shares (canada) (NYSE:TAHO) registered a decrease of 3.23% in short interest. TAHO’s total short interest was 10.44 million shares in July as published by FINRA. Its down 3.23% from 10.79 million shares, reported previously. With 2.37 million shares average volume, it will take short sellers 4 days to cover their TAHO’s short positions. The short interest to Tahoe Resources Inc Ordinary Shares (canada)’s float is 3.4%.

The stock decreased 0.70% or $0.03 during the last trading session, reaching $4.93. About 754,500 shares traded. Tahoe Resources Inc. (NYSE:TAHO) has declined 45.69% since July 13, 2017 and is downtrending. It has underperformed by 58.26% the S&P500.

Tahoe Resources Inc., together with its subsidiaries, explores, develops, and operates mines in the Americas. The company has market cap of $1.56 billion. It primarily produces copper, gold, silver, lead/zinc, and natural gas and petroleum, as well as precious metals assets. It has a 4935 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. As per Wednesday, March 28, the company rating was initiated by Cantor Fitzgerald. The company was downgraded on Friday, January 26 by Credit Suisse.

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