Ronald Wayne Clayton Acquires 20,000 Shares of Tahoe Resources Inc (TSE:THO) Stock
Tahoe Resources Inc (TSE:THO) (NASDAQ:TAHO) Director Ronald Wayne Clayton purchased 20,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average cost of C$5.55 per share, for a total transaction of C$111,000.00.
Shares of Tahoe Resources Inc (TSE THO) traded down 0.57% during midday trading on Monday, reaching $6.95. The company’s stock had a trading volume of 304,832 shares. Tahoe Resources Inc has a 52-week low of $6.32 and a 52-week high of $22.00. The stock has a 50 day moving average price of $7.87 and a 200-day moving average price of $10.57. The company has a market capitalization of $2.17 billion and a price-to-earnings ratio of 12.66.
The business also recently declared a monthly dividend, which was paid on Thursday, July 27th. Investors of record on Thursday, July 20th were paid a $0.02 dividend. This represents a $0.24 annualized dividend and a yield of 3.43%. The ex-dividend date was Tuesday, July 18th.
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Several equities research analysts have weighed in on the company. National Bank Financial dropped their target price on Tahoe Resources from C$9.75 to C$8.50 in a research report on Thursday. Canaccord Genuity dropped their target price on Tahoe Resources from C$12.00 to C$9.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th. Raymond James Financial, Inc. dropped their target price on Tahoe Resources from C$15.75 to C$10.75 and set a “market perform” rating on the stock in a research report on Friday, July 7th. Royal Bank Of Canada dropped their target price on Tahoe Resources from C$15.00 to C$10.00 and set a “sector perform” rating on the stock in a research report on Friday, July 7th. Finally, TD Securities dropped their target price on Tahoe Resources from C$16.00 to C$10.50 and set a “hold” rating on the stock in a research report on Thursday, July 6th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of C$12.31.
About Tahoe Resources
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.
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