The Globe and Mail reports in its Saturday, July 8, edition that after the Supreme Court of Guatemala suspended the mining licence for the Escobal mine owned by Tahoe Resources, Raymond James is downgrading its stock to "market perform" from "outperform" and cutting its price target to $10.75 from $15.75. The Globe's Gillian Livingston writes in the Eye On Equities column that analysts on average target the shares at $14.31. Analyst Chris Tompson says in a note: "Given uncertainty on timelines for a potential reversal of the suspension order and the importance of Escobal to funding THO's near-term growth plans, we expect the suspension to (unfortunately) weigh on the stock in the near-term. Whilst timelines regarding any potential reversal of the suspension remain uncertain, we now model a 12-month suspension of operations at Escobal, with production resuming in 3Q18E, and $30-million in standby costs incurred while operations are suspended (mid-2017 to mid-2018E). We also assume THO will suspend its dividend (we assume until mid-2019E). THO is guiding for 2-4 months to appeal the suspension at the higher Constitutional Court level and 6-12 months for the current action in the Supreme Court to be heard."