Tahoe Resources Inc (THO) Director Ronald Wayne Clayton Acquires 20,000 Shares
Tahoe Resources Inc (TSE:THO) (NASDAQ:TAHO) Director Ronald Wayne Clayton acquired 20,000 shares of Tahoe Resources stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average cost of C$5.55 per share, with a total value of C$111,000.00.
Tahoe Resources Inc (TSE THO) opened at 6.88 on Wednesday. Tahoe Resources Inc has a one year low of $6.32 and a one year high of $20.60. The company’s 50-day moving average price is $7.59 and its 200-day moving average price is $10.48. The stock has a market capitalization of $2.15 billion and a PE ratio of 12.53.
The company also recently declared a monthly dividend, which was paid on Thursday, July 27th. Shareholders of record on Thursday, July 20th were paid a dividend of $0.02 per share. The ex-dividend date was Tuesday, July 18th. This represents a $0.24 annualized dividend and a yield of 3.49%.
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A number of analysts have issued reports on the company. National Bank Financial cut their target price on Tahoe Resources from C$9.75 to C$8.50 in a research note on Thursday, August 10th. Canaccord Genuity cut their target price on Tahoe Resources from C$12.00 to C$9.00 and set a “buy” rating for the company in a research note on Wednesday, August 9th. Raymond James Financial, Inc. cut their target price on Tahoe Resources from C$15.75 to C$10.75 and set a “market perform” rating for the company in a research note on Friday, July 7th. TD Securities cut their target price on Tahoe Resources from C$16.00 to C$10.50 and set a “hold” rating for the company in a research note on Thursday, July 6th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Tahoe Resources in a research note on Thursday, July 6th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Tahoe Resources has an average rating of “Hold” and an average target price of C$12.31.
About Tahoe Resources
Tahoe Resources Inc is a mine operations, and mineral exploration and development company. The Company’s principal business activities are the exploration, development, operation and acquisition of mineral properties for the mining of precious metals in the Americas. Its business involves operating the Escobal mine, a silver mining operation located in southeastern Guatemala, the La Arena and Shahuindo mines, gold mining operations located in northwestern Peru, and the Bell Creek mine and mill and the Timmins West mine, gold mining operations located in northeastern Ontario, Canada.
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