Tahoe Resources Inc (TSE:THO) Receives Average Recommendation of “Hold” from Brokerages
Shares of Tahoe Resources Inc (TSE:THO) (NASDAQ:TAHO) have earned an average rating of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$13.53.
A number of equities analysts have issued reports on the company. National Bank Financial reiterated a “sec perform spec market wgt” rating on shares of Tahoe Resources in a report on Sunday, July 23rd. Raymond James Financial, Inc. decreased their price objective on Tahoe Resources from C$15.75 to C$10.75 and set a “market perform” rating for the company in a report on Friday, July 7th. Royal Bank Of Canada decreased their price objective on Tahoe Resources from C$15.00 to C$10.00 and set a “sector perform” rating for the company in a report on Friday, July 7th. TD Securities decreased their price objective on Tahoe Resources from C$16.00 to C$10.50 and set a “hold” rating for the company in a report on Thursday, July 6th. Finally, CSFB assumed coverage on Tahoe Resources in a report on Thursday, April 13th. They issued an “outperform” rating and a C$14.00 price objective for the company.
Shares of Tahoe Resources (TSE THO) opened at 6.62 on Tuesday. Tahoe Resources has a 12 month low of $6.36 and a 12 month high of $22.13. The firm has a market cap of $2.07 billion and a P/E ratio of 13.29. The stock’s 50 day moving average is $8.86 and its 200 day moving average is $10.83.
The company also recently disclosed a monthly dividend, which was paid on Thursday, July 27th. Shareholders of record on Thursday, July 20th were issued a $0.02 dividend. The ex-dividend date of this dividend was Tuesday, July 18th. This represents a $0.24 dividend on an annualized basis and a yield of 3.63%.
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Tahoe Resources Company Profile
Tahoe Resources Inc, together with its subsidiaries, explores, develops, and operates mines in the Americas. It primarily produces copper, gold, silver, lead/zinc, and natural gas and petroleum, as well as precious metals assets. The company holds interest in the Escobal mine property comprising 23.7 million tonnes of proven and probable mineral reserves located in southeast Guatemala; La Arena mine property consisting of 54.1 million tonnes of proven and probable mineral reserves located in northern Perú; and Shahuindo mine comprising 110.3 million tonnes of proven and probable mineral reserves located in northern Perú.
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