Tahoe Resources Inc (THO) Insider James Voorhees Acquires 5,000 Shares
Tahoe Resources Inc (TSE:THO) (NASDAQ:TAHO) insider James Voorhees bought 5,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were acquired at an average cost of C$5.41 per share, for a total transaction of C$27,050.00.
Shares of Tahoe Resources Inc (TSE THO) traded down 2.10% during mid-day trading on Thursday, reaching $6.98. The company had a trading volume of 634,182 shares. Tahoe Resources Inc has a 52-week low of $6.32 and a 52-week high of $20.23. The company has a market capitalization of $2.18 billion and a PE ratio of 12.71. The company’s 50-day moving average price is $7.46 and its 200-day moving average price is $10.46.
The company also recently disclosed a monthly dividend, which was paid on Thursday, July 27th. Stockholders of record on Thursday, July 20th were issued a dividend of $0.02 per share. This represents a $0.24 annualized dividend and a dividend yield of 3.44%. The ex-dividend date was Tuesday, July 18th.
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A number of analysts have recently issued reports on the company. National Bank Financial lowered Tahoe Resources from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Wednesday, July 5th. 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. TD Securities reaffirmed a “buy” rating and set a C$16.00 target price on shares of Tahoe Resources in a research report on Wednesday, May 3rd. 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. Finally, Canaccord Genuity lowered their price objective on Tahoe Resources from C$12.00 to C$9.00 and set a “buy” rating for the company in a report on Wednesday, August 9th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of C$12.31.
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.
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