Tahoe Resources Inc (TAHO) Shares Gap Up to $13.49
Tahoe Resources Inc (NASDAQ:TAHO)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $13.37, but opened at $13.49. Tahoe Resources shares last traded at $13.74, with a volume of 723,454 shares changing hands.
A number of equities analysts have recently issued reports on the company. TD Securities reissued a “buy” rating and set a $26.00 price target (up previously from $24.00) on shares of Tahoe Resources in a research report on Saturday, August 13th. Desjardins reissued a “buy” rating on shares of Tahoe Resources in a research report on Wednesday, August 31st. Zacks Investment Research raised Tahoe Resources from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Thursday, June 30th. Finally, HSBC reissued a “buy” rating on shares of Tahoe Resources in a research report on Thursday, July 7th.
The stock’s market cap is $4.42 billion. The stock has a 50-day moving average price of $14.58 and a 200-day moving average price of $13.36.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 22nd will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Tuesday, September 20th. This represents a $0.24 dividend on an annualized basis and a yield of 1.69%.
Tahoe Resources Company Profile
Tahoe Resources Inc is a mine operating, mineral exploration and development company. The Company’s principal business activities are to operate the Escobal mine, a silver mining operation in southeastern Guatemala; the La Arena mine, a gold mining operation located in northwestern Peru, and the Shahuindo gold mine, located in northwestern Peru.
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