Tahoe Resources Inc (TAHO) Shares Up 1.5% Following Dividend Announcement
Tahoe Resources Inc (NASDAQ:TAHO)’s share price shot up 1.5% during trading on Friday after the company announced a dividend. The company traded as high as $11.67 and last traded at $11.31, with a volume of 1,754,314 shares trading hands. The stock had previously closed at $11.14.
The newly announced dividend which will be paid on Thursday, October 27th. Shareholders of record on Thursday, October 20th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Tuesday, October 18th. This represents a $0.24 annualized dividend and a dividend yield of 2.16%.
Several research firms have commented on TAHO. HSBC reissued a “buy” rating on shares of Tahoe Resources in a research report on Thursday, July 7th. Zacks Investment Research raised shares of 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. Desjardins reissued a “buy” rating on shares of Tahoe Resources in a research report on Wednesday, August 31st. Finally, TD Securities restated a “buy” rating and set a $26.00 price target (up previously from $24.00) on shares of Tahoe Resources in a research note on Saturday, August 13th.
The stock has a 50 day moving average of $13.46 and a 200 day moving average of $13.55. The company’s market capitalization is $3.46 billion.
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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