Tahoe Resources Inc (TAHO) Cut to “Hold” at Zacks Investment Research
Tahoe Resources Inc (NASDAQ:TAHO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
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. “
A number of other equities research analysts also recently issued reports on TAHO. HSBC reissued a “buy” rating on shares of Tahoe Resources in a research report on Thursday, July 7th. TD Securities reissued a “buy” rating and set a $26.00 price objective (up previously from $24.00) on shares of Tahoe Resources in a research report on Saturday, August 13th. Finally, Desjardins reissued a “buy” rating on shares of Tahoe Resources in a research report on Wednesday, August 31st.
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Shares of Tahoe Resources (NASDAQ:TAHO) traded down 0.44% on Tuesday, hitting $11.21. The stock had a trading volume of 1,124,109 shares. The company has a 50 day moving average price of $13.35 and a 200-day moving average price of $13.59. Tahoe Resources has a 12 month low of $6.48 and a 12 month high of $17.01. The stock’s market cap is $3.49 billion.
The company also recently announced a monthly dividend, which will be paid on Thursday, October 27th. Investors of record on Thursday, October 20th will be issued a $0.02 dividend. This represents a $0.24 annualized dividend and a yield of 2.13%. The ex-dividend date is Tuesday, October 18th.
About Tahoe Resources
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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