The Zacks Investment Research Downgrades Tahoe Resources Inc (TAHO) to Hold

The Zacks Investment Research Downgrades Tahoe Resources Inc (TAHO) to Hold

Tahoe Resources Inc (NASDAQ:TAHO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “Tahoe Resources Inc. is engaged in the exploration and development of mineral properties in the United States for the mining of precious metals. It principally holds interests in the Escobal project located in southeastern Guatemala. Tahoe Resources Inc. is headquartered in Reno, Nevada. “

Other equities research analysts have also recently issued reports about the stock. Desjardins reiterated a “buy” rating on shares of Tahoe Resources in a research report on Wednesday, August 31st. TD Securities reiterated a “buy” rating and issued a $26.00 price target (up from $24.00) on shares of Tahoe Resources in a research report on Saturday, August 13th. Finally, HSBC reiterated a “buy” rating on shares of Tahoe Resources in a research report on Thursday, July 7th.

Shares of Tahoe Resources (NASDAQ:TAHO) opened at 11.39 on Tuesday. Tahoe Resources has a 52-week low of $6.48 and a 52-week high of $17.01. The company has a 50 day moving average of $13.17 and a 200 day moving average of $13.56. The firm’s market capitalization is $3.54 billion.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 27th. Shareholders of record on Thursday, October 20th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Tuesday, October 18th. This represents a $0.24 annualized dividend and a yield of 2.11%.

An institutional investor recently raised its position in Tahoe Resources stock. Creative Planning increased its stake in Tahoe Resources Inc (NASDAQ:TAHO) by 4,550.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,300 shares of the company’s stock after buying an additional 9,100 shares during the period. Creative Planning’s holdings in Tahoe Resources were worth $119,000 at the end of the most recent quarter.

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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