Tahoe Resources Inc (TAHO) Trading 1.5% Higher After Dividend Announcement
Shares of Tahoe Resources Inc (NASDAQ:TAHO) rose 1.5% during trading on Friday following a dividend announcement from the company. The stock traded as high as $11.67 and last traded at $11.31, with a volume of 1,754,314 shares. The stock had previously closed at $11.14.
The newly announced dividend which will be paid on Thursday, October 27th. Investors of record on Thursday, October 20th will be issued a $0.02 dividend. This represents a $0.24 annualized dividend and a yield of 2.16%. The ex-dividend date is Tuesday, October 18th.
TAHO has been the topic of several analyst reports. Zacks Investment Research upgraded Tahoe Resources from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Thursday, June 30th. HSBC reiterated a “buy” rating on shares of Tahoe Resources in a report on Thursday, July 7th. TD Securities reissued a “buy” rating and issued a $26.00 price target (up from $24.00) on shares of Tahoe Resources in a research note on Saturday, August 13th. Finally, Desjardins reissued a “buy” rating on shares of Tahoe Resources in a research note on Wednesday, August 31st.
The firm’s market cap is $3.46 billion. The stock’s 50-day moving average is $13.46 and its 200 day moving average is $13.55.
Tahoe Resources Company Profile
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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