Tahoe Resources Inc (TAHO) Shares Gap Up to $14.00
Shares of Tahoe Resources Inc (NASDAQ:TAHO) gapped up before the market opened on Tuesday . The stock had previously closed at $13.89, but opened at $14.00. Tahoe Resources shares last traded at $14.73, with a volume of 1,147,030 shares traded.
A number of analysts recently issued reports on TAHO shares. Desjardins restated a “buy” rating on shares of Tahoe Resources in a report on Wednesday, August 31st. Zacks Investment Research upgraded shares of Tahoe Resources from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Thursday, June 30th. TD Securities reiterated a “buy” rating and issued a $26.00 target price (up previously from $24.00) on shares of Tahoe Resources in a research note on Saturday, August 13th. Finally, HSBC reiterated a “buy” rating on shares of Tahoe Resources in a research note on Thursday, July 7th.
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The firm’s market capitalization is $4.60 billion. The firm has a 50-day moving average of $15.00 and a 200-day moving average of $13.02.
The firm also recently announced a monthly dividend, which was paid on Thursday, August 25th. Stockholders of record on Thursday, August 18th were issued a dividend of $0.02 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Tuesday, August 16th.
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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