Tahoe Resources Inc (TAHO) Upgraded to “Hold” by Zacks Investment Research
Tahoe Resources Inc (NASDAQ:TAHO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a 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. “
TAHO has been the topic of a number of other research reports. TD Securities reiterated a “buy” rating and issued a $26.00 target price (up previously from $24.00) on shares of Tahoe Resources in a research report on Saturday, August 13th. HSBC reiterated a “buy” rating on shares of Tahoe Resources in a research report on Thursday, July 7th. Finally, Desjardins restated a “buy” rating on shares of Tahoe Resources in a report on Wednesday, August 31st.
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Shares of Tahoe Resources (NASDAQ:TAHO) opened at 11.79 on Wednesday. The company has a 50 day moving average of $12.92 and a 200-day moving average of $13.61. The firm’s market capitalization is $3.67 billion. Tahoe Resources has a 12 month low of $6.48 and a 12 month high of $17.01.
The company also recently declared a monthly dividend, which will be paid on Thursday, October 27th. Stockholders of record on Thursday, October 20th will be issued a dividend of $0.02 per share. This represents a $0.24 annualized dividend 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 raised its stake in shares of Tahoe Resources Inc (NASDAQ:TAHO) by 4,550.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (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.
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.
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