Zacks: Tahoe Resources Inc (NASDAQ:TAHO) Given Consensus Recommendation of “Strong Buy” by Analysts
Tahoe Resources Inc (NASDAQ:TAHO) has been given an average broker rating score of 1.38 (Strong Buy) from the eight brokers that provide coverage for the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a buy recommendation and five have issued a strong buy recommendation on the company. Tahoe Resources’ rating score has declined by 15% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a one year consensus price target of $19.34 for the company and are predicting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also given Tahoe Resources an industry rank of 17 out of 265 based on the ratings given to related companies.
TAHO has been the topic of several recent research reports. Desjardins reiterated a “buy” rating on shares of Tahoe Resources in a research note on Wednesday, August 31st. Zacks Investment Research upgraded shares of Tahoe Resources from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Thursday, June 30th. TD Securities reiterated a “buy” rating and issued a $26.00 price objective (up previously from $24.00) on shares of Tahoe Resources in a research note on Saturday, August 13th. Finally, HSBC reiterated a “buy” rating on shares of Tahoe Resources in a research note on Thursday, July 7th.
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Shares of Tahoe Resources (NASDAQ:TAHO) traded down 1.27% during midday trading on Tuesday, hitting $13.21. 803,460 shares of the stock were exchanged. The company’s market capitalization is $4.11 billion. Tahoe Resources has a 1-year low of $6.48 and a 1-year high of $17.01. The firm has a 50-day moving average of $14.68 and a 200-day moving average of $13.32.
The company also recently announced a monthly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 22nd will be paid a dividend of $0.02 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Tuesday, September 20th.
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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