Shares of Tahoe Resources, Inc. (NYSE:TAHO) have been given a consensus recommendation of “Hold” by the thirteen analysts that are covering the stock, MarketBeat reports. Nine research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $16.50.

A number of research analysts have weighed in on the stock. BidaskClub upgraded shares of Tahoe Resources from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Royal Bank Of Canada downgraded shares of Tahoe Resources from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 7th. ValuEngine downgraded shares of Tahoe Resources from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Raymond James Financial, Inc. downgraded shares of Tahoe Resources from a “strong-buy” rating to an “outperform” rating in a research report on Friday, June 23rd. Finally, Zacks Investment Research upgraded shares of Tahoe Resources from a “sell” rating to a “hold” rating in a research report on Friday, May 5th.

Shares of Tahoe Resources (NYSE TAHO) opened at 5.57 on Tuesday. Tahoe Resources has a one year low of $4.93 and a one year high of $15.29. The stock’s 50 day moving average is $5.58 and its 200-day moving average is $7.79. The stock has a market capitalization of $1.74 billion, a P/E ratio of 10.15 and a beta of 0.47.

The business also recently declared a monthly dividend, which was paid on Thursday, July 27th. Investors of record on Thursday, July 20th were given a dividend of $0.02 per share. The ex-dividend date was Tuesday, July 18th. This represents a $0.24 annualized dividend and a dividend yield of 4.31%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in Tahoe Resources by 7.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 708,983 shares of the basic materials company’s stock valued at $6,679,000 after buying an additional 51,806 shares during the period. Teachers Advisors LLC increased its position in Tahoe Resources by 10.0% in the fourth quarter. Teachers Advisors LLC now owns 330,608 shares of the basic materials company’s stock valued at $3,114,000 after buying an additional 29,953 shares during the period. Nisa Investment Advisors LLC bought a new position in Tahoe Resources during the first quarter valued at $614,000. Sigma Planning Corp increased its position in Tahoe Resources by 40.2% in the first quarter. Sigma Planning Corp now owns 25,690 shares of the basic materials company’s stock valued at $206,000 after buying an additional 7,364 shares during the period. Finally, Nikko Asset Management Americas Inc. increased its position in Tahoe Resources by 10.6% in the first quarter. Nikko Asset Management Americas Inc. now owns 1,252,050 shares of the basic materials company’s stock valued at $10,054,000 after buying an additional 120,400 shares during the period. Hedge funds and other institutional investors own 64.95% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was first published by American Banking News and is the property of of American Banking News. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international trademark & copyright legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/08/22/tahoe-resources-inc-taho-given-consensus-rating-of-hold-by-analysts.html.

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.

Analyst Recommendations for Tahoe Resources (NYSE:TAHO)

Receive News & Ratings for Tahoe Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tahoe Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.