Zacks: Tahoe Resources Inc (NASDAQ:TAHO) Given Consensus Recommendation of “Strong Buy” by Analysts
Tahoe Resources Inc (NASDAQ:TAHO) has earned an average broker rating score of 1.38 (Strong Buy) from the eight brokers that provide coverage for the stock, Zacks Investment Research reports. Three investment analysts have rated the stock with a buy rating and five have given a strong buy rating to the company. Tahoe Resources’ rating score has declined by 15% from three months ago as a result of various analysts’ upgrades and downgrades.
Analysts have set a 1 year consensus price target of $19.34 for the company and are predicting that the company will post $0.19 EPS for the current quarter, according to Zacks. Zacks has also assigned Tahoe Resources an industry rank of 17 out of 265 based on the ratings given to its competitors.
A number of research analysts recently commented on the stock. TD Securities reiterated a “buy” rating and issued a $26.00 price target (up previously from $24.00) on shares of Tahoe Resources in a research note on Saturday, August 13th. HSBC reiterated a “buy” rating on shares of Tahoe Resources in a research note on Thursday, July 7th. Zacks Investment Research upgraded shares of Tahoe Resources from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Thursday, June 30th. Finally, Desjardins reiterated a “buy” rating on shares of Tahoe Resources in a research note on Wednesday, August 31st.
Tahoe Resources (NASDAQ:TAHO) traded down 1.27% on Tuesday, reaching $13.21. 803,360 shares of the company traded hands. Tahoe Resources has a 52-week low of $6.48 and a 52-week high of $17.01. The company’s market capitalization is $4.11 billion. The stock has a 50-day moving average of $14.68 and a 200 day moving average of $13.32.
The firm also recently announced a monthly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 22nd will be given a dividend of $0.02 per share. The ex-dividend date is Tuesday, September 20th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.79%.
About Tahoe Resources
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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 Analyst Ratings Network's FREE daily email newsletter.