Tahoe Resources Inc. (TAHO) saw a big move last session, as the company’s shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $10.85–$13.59 in the past one-month time frame, showed a sharp decline yesterday at $10.96.
Although this slump was obviously disappointing, Tahoe Resources has seen 1 positive revision and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for TAHO. So make sure to keep an eye on this stock going forward to see if yesterday’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.
TAHO currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the silver mining industry may consider better-ranked stock like First Majestic Silver Corp. (AG), which carries a Zacks Rank #2 (Buy).
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TAHOE RESOURCES (TAHO): Free Stock Analysis Report
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Tahoe Resources (TAHO) Falls: Stock Goes Down 5.4% - Tale of the Tape
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