April 1, 2015 / 3:28 PM / 2 years ago

BUZZ-Tahoe Resources Inc: Raymond James raises to 'outperform'

1 Min Read

** Gold and silver producer's U.S.-listed shares up nearly 4 pct at $11.38; Toronto-listed shares up 3.6 pct at C$14.38

** Analysts at Raymond James upgrade company's Toronto-listed stock to 'outperform' from 'market perform' as they expect the company to benefit from its acquisition of smaller rival Rio Alto Mining

** Raise price target to C$20 from C$19

** Median price target is C$17.34

** Out of the 12 analysts covering stock, 10 rate it 'buy' or higher, one has a 'hold' and one recommends sell

** Up to Tuesday's close, Toronto-listed stock had fallen more than 40 pct, whereas the U.S.-listed stock had fallen 49 pct

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