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. “
TAHO has been the topic of several other reports. Desjardins reiterated a buy rating on shares of Tahoe Resources in a research report on Wednesday, August 31st. TD Securities reiterated a buy rating and issued a $26.00 price target (up from $24.00) on shares of Tahoe Resources in a research report on Saturday, August 13th. Finally, HSBC reiterated a buy rating on shares of Tahoe Resources in a research report on Thursday, July 7th.
Tahoe Resources (NASDAQ:TAHO) traded up 0.91% during mid-day trading on Tuesday, hitting $11.10. The stock had a trading volume of 323,389 shares. The firm has a 50-day moving average of $13.25 and a 200-day moving average of $13.57. The stock’s market cap is $3.45 billion. Tahoe Resources has a 52-week low of $6.48 and a 52-week high of $17.01.
The business also recently declared a monthly dividend, which will be paid on Thursday, October 27th. Shareholders of record on Thursday, October 20th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Tuesday, October 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.18%.
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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