Tahoe Resources Inc (TAHO) Declares $0.02 Monthly Dividend
Tahoe Resources Inc (NASDAQ:TAHO) announced a monthly dividend on Thursday, October 6th. Stockholders of record on Thursday, October 20th will be given a dividend of 0.02 per share on Thursday, October 27th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Tuesday, October 18th.
Tahoe Resources (NASDAQ:TAHO) traded down 2.11% during midday trading on Thursday, hitting $11.14. 3,609,946 shares of the stock were exchanged. The company’s market cap is $3.46 billion. Tahoe Resources has a 12 month low of $6.48 and a 12 month high of $17.01. The firm’s 50 day moving average price is $13.71 and its 200 day moving average price is $13.56.
TAHO has been the subject of a number of recent analyst reports. Desjardins reaffirmed a “buy” rating on shares of Tahoe Resources in a research note on Wednesday, August 31st. TD Securities reaffirmed a “buy” rating and set a $26.00 price target (up from $24.00) on shares of Tahoe Resources in a research note on Saturday, August 13th. HSBC reiterated a “buy” rating on shares of Tahoe Resources in a report on Thursday, July 7th. Finally, Zacks Investment Research upgraded shares of Tahoe Resources from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Thursday, June 30th.
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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