Tahoe Resources Inc (TAHO) Trading 2.5% Higher
Tahoe Resources Inc (NASDAQ:TAHO)’s share price traded up 2.5% on Thursday . The stock traded as high as $13.45 and last traded at $13.36, with a volume of 1,270,659 shares trading hands. The stock had previously closed at $13.04.
Several equities analysts have recently weighed in on the company. TD Securities reiterated a “buy” rating and set a $26.00 price objective (up previously from $24.00) on shares of Tahoe Resources in a report on Saturday, August 13th. HSBC reissued a “buy” rating on shares of Tahoe Resources in a research report on Thursday, July 7th. Zacks Investment Research raised Tahoe Resources from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Thursday, June 30th. Finally, Desjardins reissued a “buy” rating on shares of Tahoe Resources in a research report on Wednesday.
The firm has a 50 day moving average of $15.06 and a 200 day moving average of $12.88. The firm’s market capitalization is $4.35 billion.
The firm also recently declared a monthly dividend, which was paid on Thursday, August 25th. Investors of record on Thursday, August 18th were given a dividend of $0.02 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date was Tuesday, August 16th.
Tahoe Resources Inc is a mine operating, mineral exploration and development company. 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.
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