Tahoe Resources Inc (TAHO) Lowered 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 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. “
TAHO has been the subject of several other research reports. Desjardins reaffirmed a “buy” rating on shares of Tahoe Resources in a research note on Wednesday, August 31st. TD Securities reaffirmed a “buy” rating and set a $26.00 price target (up previously from $24.00) on shares of Tahoe Resources in a research note on Saturday, August 13th. Finally, HSBC reaffirmed 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 0.89% during midday trading on Tuesday, hitting $11.16. The stock had a trading volume of 1,187,022 shares. Tahoe Resources has a 1-year low of $6.48 and a 1-year high of $17.01. The firm’s market capitalization is $3.47 billion. The company’s 50 day moving average price is $13.35 and its 200-day moving average price is $13.59.
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 paid a dividend of $0.02 per share. This represents a $0.24 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Tuesday, October 18th.
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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