BidaskClub upgraded shares of Tahoe Resources, Inc. (NYSE:TAHO) from a sell rating to a hold rating in a research report released on Thursday, June 29th.
Other equities research analysts have also issued research reports about the stock. ValuEngine lowered shares of Tahoe Resources from a buy rating to a hold rating in a report on Friday, June 2nd. Raymond James Financial, Inc. lowered shares of Tahoe Resources from a strong-buy rating to an outperform rating in a report on Friday, June 23rd. Zacks Investment Research upgraded shares of Tahoe Resources from a sell rating to a hold rating in a report on Wednesday, March 1st. Finally, UBS AG lowered shares of Tahoe Resources from a strong-buy rating to an outperform rating in a research note on Friday, June 23rd. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Tahoe Resources currently has an average rating of Hold and an average price target of $19.50.
Tahoe Resources (TAHO) traded up 1.63% during trading on Thursday, reaching $5.60. 1,489,658 shares of the company were exchanged. The company’s 50-day moving average price is $7.04 and its 200-day moving average price is $8.22. Tahoe Resources has a 1-year low of $4.93 and a 1-year high of $17.01. The stock has a market capitalization of $1.75 billion, a P/E ratio of 11.24 and a beta of 0.54.
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The business also recently announced a monthly dividend, which was paid on Thursday, July 27th. Shareholders of record on Thursday, July 20th were given a dividend of $0.02 per share. This represents a $0.24 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend was Tuesday, July 18th. Tahoe Resources’s dividend payout ratio is presently 48.98%.
A number of hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC bought a new stake in Tahoe Resources during the first quarter valued at $614,000. Highbridge Capital Management LLC acquired a new stake in Tahoe Resources during the fourth quarter valued at approximately $170,000. Teachers Advisors LLC increased its stake 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. Franklin Resources Inc. increased its stake in Tahoe Resources by 21.4% in the fourth quarter. Franklin Resources Inc. now owns 4,314,400 shares of the basic materials company’s stock valued at $40,644,000 after buying an additional 760,600 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Tahoe Resources by 2,260.7% in the fourth quarter. Renaissance Technologies LLC now owns 429,651 shares of the basic materials company’s stock valued at $4,042,000 after buying an additional 411,451 shares during the period. 65.23% of the stock is currently owned by institutional investors.
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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