Short Interest Buzzer: Could Tahoe Resources Incorporated (NYSE:TAHO) See a Reversal After More Sellers Came In?

November 17, 2016 - By Marguerite Chambers   ·   0 Comments

Short Interest Buzzer: Could Tahoe Resources Incorporated (NYSE:TAHO) See a Reversal After More Sellers Came In?

The stock of Tahoe Resources Incorporated (NYSE:TAHO) registered an increase of 18.51% in short interest. TAHO’s total short interest was 3.27M shares in November as published by FINRA. Its up 18.51% from 2.76M shares, reported previously. With 2.17 million shares average volume, it will take short sellers 2 days to cover their TAHO’s short positions. The short interest to Tahoe Resources Incorporated’s float is 1.07%. The stock closed at $9.59 during the last session. It is down 19.48% since April 15, 2016 and is downtrending. It has underperformed by 24.10% the S&P500.

Tahoe Resources Inc. is a mine operating, mineral exploration and development company. The company has a market cap of $2.98 billion. The Company’s principal business activities are to operate the Escobal mine, a silver mining operation in southeastern Guatemala; the La Arena mine, a gold mining operation located in northwestern Peru, and the Shahuindo gold mine, located in northwestern Peru. It currently has negative earnings. It conducts its business in two divisions based on the primary metal produced: gold and silver.

Tahoe Resources Inc (NYSE:TAHO) Ratings Coverage

Out of 4 analysts covering Tahoe Resources (NYSE:TAHO), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Tahoe Resources has been the topic of 6 analyst reports since October 8, 2015 according to StockzIntelligence Inc. Desjardins Securities initiated the stock with “Buy” rating in Wednesday, August 31 report. The company was downgraded on Wednesday, April 20 by Raymond James. JP Morgan initiated Tahoe Resources Inc (NYSE:TAHO) on Friday, December 11 with “Overweight” rating. Bank of America initiated the shares of TAHO in a report on Friday, April 15 with “Buy” rating. The firm has “Sector Outperform” rating given on Thursday, October 8 by IBC.

TAHO Company Profile

Tahoe Resources Inc., incorporated on November 10, 2009, is a mine operating, mineral exploration and development company. The Company’s principal business activities are the operation of mineral properties for the mining of precious metals and the acquisition, exploration and development of mineral interests in the Americas. The Firm operates in two divisions: gold and silver. The Firm operates the Escobal mine, a silver mining operation in southeastern Guatemala; the La Arena mine, a gold mining operation located in northwestern Peru, and the Shahuindo gold mine, located in northwestern Peru. The Company’s Escobal mine contains silver, gold, lead and zinc mineralization, and the La Arena mine and Shahuindo surface mines contains a gold oxide deposit, and the Bell Creek and Timmins West underground mines contain gold mineralization. The Bell Creek and Timmins West mines, gold mining activities are located in northeastern Ontario, Canada, as well as the development of the 144 Gap Deposit and the Whitney Project in northeastern Ontario, Canada.

More news for Tahoe Resources Inc (NYSE:TAHO) were recently published by: Nasdaq.com, which released: “Tahoe Resources, Inc. (TAHO) Ex-Dividend Date Scheduled for November 14, 2016” on November 11, 2016. Prnewswire.com‘s article titled: “Tahoe Resources Reports Third Quarter Results” and published on November 03, 2016 is yet another important article.

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By Marguerite Chambers


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