Tahoe Resources, Inc. (NYSE:TAHO) declared a monthly dividend on Thursday, July 6th, NASDAQ reports. Shareholders of record on Thursday, July 20th will be paid a dividend of 0.02 per share by the basic materials company on Thursday, July 27th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date of this dividend is Tuesday, July 18th.

Tahoe Resources has a payout ratio of 49.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Tahoe Resources to earn $0.54 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 44.4%.

Shares of Tahoe Resources (NYSE:TAHO) traded down 7.37% during trading on Friday, hitting $5.15. 8,637,590 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $8.91 and a 200-day moving average price of $8.72. The stock has a market cap of $1.61 billion, a P/E ratio of 10.34 and a beta of 0.54. Tahoe Resources has a one year low of $5.04 and a one year high of $17.01.

Several research analysts recently commented on the stock. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Tahoe Resources in a research note on Friday. Macquarie lowered shares of Tahoe Resources from an “outperform” rating to a “neutral” rating in a research note on Friday. Credit Suisse Group lowered shares of Tahoe Resources from an “outperform” rating to a “neutral” rating in a research note on Friday. Royal Bank Of Canada lowered shares of Tahoe Resources from an “outperform” rating to a “sector perform” rating in a research note on Friday. Finally, National Bank Financial lowered shares of Tahoe Resources from an “outperform market weight” rating to a “sector perform market weight” rating in a research note on Wednesday. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $19.50.

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Tahoe Resources Company Profile

Tahoe Resources Inc is a mine operations, and mineral exploration and development company. The Company’s principal business activities are the exploration, development, operation and acquisition of mineral properties for the mining of precious metals in the Americas. Its business involves operating the Escobal mine, a silver mining operation located in southeastern Guatemala, the La Arena and Shahuindo mines, gold mining operations located in northwestern Peru, and the Bell Creek mine and mill and the Timmins West mine, gold mining operations located in northeastern Ontario, Canada.

Dividend History for Tahoe Resources (NYSE:TAHO)

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