Tahoe Resources Inc (TAHO) Downgraded by Zacks Investment Research to Hold
According to Zacks, “Tahoe Resources Inc. is engaged in the exploration and development of mineral properties in the United States for the mining of precious metals. It principally holds interests in the Escobal project located in southeastern Guatemala. Tahoe Resources Inc. is headquartered in Reno, Nevada. “
A number of other equities research analysts have also commented on the stock. Desjardins reissued a buy rating on shares of Tahoe Resources in a report on Wednesday, August 31st. TD Securities reissued 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. Finally, HSBC reissued a buy rating on shares of Tahoe Resources in a report on Thursday, July 7th.
Shares of Tahoe Resources (NASDAQ:TAHO) traded up 0.91% during trading on Tuesday, hitting $11.10. 323,389 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $13.25 and its 200 day moving average is $13.57. The firm’s market capitalization is $3.45 billion. Tahoe Resources has a 1-year low of $6.48 and a 1-year high of $17.01.
The firm also recently announced a monthly dividend, which will be paid on Thursday, October 27th. Stockholders of record on Thursday, October 20th will be paid a $0.02 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Tuesday, October 18th.
About Tahoe Resources
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Tahoe Resources Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tahoe Resources Inc and related companies with MarketBeat.com's FREE daily email newsletter.