Tahoe Resources Inc (TAHO) Rating Reiterated by Desjardins
Tahoe Resources Inc (NASDAQ:TAHO)‘s stock had its “buy” rating reaffirmed by equities research analysts at Desjardins in a report issued on Thursday. They presently have a $22.00 price objective on the stock, up from their previous price objective of $21.50. Desjardins’ target price would suggest a potential upside of 126.80% from the company’s previous close.
Several other research analysts also recently commented on TAHO. RBC Capital Markets reiterated a “sector perform” rating on shares of Tahoe Resources in a report on Tuesday, November 1st. Zacks Investment Research upgraded shares of Tahoe Resources from a “sell” rating to a “hold” rating in a report on Wednesday, October 19th. Finally, TD Securities reiterated a “buy” rating and issued a $26.00 target price (up previously from $24.00) on shares of Tahoe Resources in a report on Saturday, August 13th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Tahoe Resources has a consensus rating of “Buy” and an average target price of $21.67.
Shares of Tahoe Resources (NASDAQ:TAHO) opened at 9.70 on Thursday. Tahoe Resources has a 12-month low of $6.48 and a 12-month high of $17.01. The company’s market cap is $3.02 billion. The stock’s 50 day moving average price is $11.80 and its 200-day moving average price is $13.55.
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Wednesday, November 16th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Monday, November 14th. This represents a $0.24 annualized dividend and a dividend yield of 2.47%.
Several hedge funds and other institutional investors have recently bought and sold shares of TAHO. Sei Investments Co. increased its position in Tahoe Resources by 753.6% in the third quarter. Sei Investments Co. now owns 7,810 shares of the company’s stock valued at $101,000 after buying an additional 6,895 shares during the last quarter. Creative Planning increased its position in Tahoe Resources by 4,550.0% in the third quarter. Creative Planning now owns 9,300 shares of the company’s stock valued at $119,000 after buying an additional 9,100 shares during the last quarter. Public Employees Retirement Association of Colorado increased its position in Tahoe Resources by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 9,689 shares of the company’s stock valued at $124,000 after buying an additional 39 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in Tahoe Resources by 65.1% in the third quarter. DekaBank Deutsche Girozentrale now owns 9,844 shares of the company’s stock valued at $130,000 after buying an additional 3,882 shares during the last quarter. Finally, Quantbot Technologies LP increased its position in Tahoe Resources by 19.4% in the third quarter. Quantbot Technologies LP now owns 10,362 shares of the company’s stock valued at $132,000 after buying an additional 1,687 shares during the last quarter.
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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.