Tahoe Resources Inc (TAHO) Upgraded at Zacks Investment Research
Tahoe Resources Inc (NASDAQ:TAHO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.
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. “
Other equities research analysts also recently issued research reports about the company. Desjardins reissued a “buy” rating on shares of Tahoe Resources in a research report on Wednesday, August 31st. TD Securities reissued a “buy” rating and set a $26.00 price target (up previously from $24.00) on shares of Tahoe Resources in a research report on Saturday, August 13th. Finally, HSBC reissued a “buy” rating on shares of Tahoe Resources in a research report on Thursday, July 7th.
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Shares of Tahoe Resources (NASDAQ:TAHO) opened at 11.79 on Wednesday. The firm has a 50-day moving average price of $12.92 and a 200-day moving average price of $13.61. Tahoe Resources has a 52-week low of $6.48 and a 52-week high of $17.01. The firm’s market cap is $3.67 billion.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 27th. Shareholders 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 dividend yield of 2.04%. The ex-dividend date of this dividend is Tuesday, October 18th.
An institutional investor recently raised its position in Tahoe Resources stock. Creative Planning increased its position in Tahoe Resources Inc (NASDAQ:TAHO) by 4,550.0% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 9,300 shares of the company’s stock after buying an additional 9,100 shares during the period. Creative Planning’s holdings in Tahoe Resources were worth $119,000 as of its most recent SEC filing.
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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