Today: Zacks: Tahoe Resources Inc (TAHO) Receives Consensus Rating of “Strong Buy” from Brokerages

Today: Zacks: Tahoe Resources Inc (TAHO) Receives Consensus Rating of “Strong Buy” from Brokerages

Tahoe Resources Inc (NASDAQ:TAHO) has been assigned an average broker rating score of 1.33 (Strong Buy) from the nine analysts that cover the stock, Zacks Investment Research reports. Three research analysts have rated the stock with a buy rating and six have issued a strong buy rating on the company. Tahoe Resources’ rating score has declined by 10.8% in the last 90 days as a result of a number of analysts’ ratings changes.

Analysts have set a 1-year consensus price objective of $18.97 for the company and are forecasting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also given Tahoe Resources an industry rank of 60 out of 265 based on the ratings given to related companies.

A number of research analysts have weighed in on the stock. HSBC reissued a “buy” rating on shares of Tahoe Resources in a research note on Thursday, July 7th. Zacks Investment Research raised shares of Tahoe Resources from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Thursday, June 30th. Desjardins reissued a “buy” rating on shares of Tahoe Resources in a research note on Wednesday, August 31st. Finally, TD Securities reaffirmed 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.

Shares of Tahoe Resources (NASDAQ:TAHO) opened at 11.04 on Friday. The firm’s 50-day moving average price is $13.04 and its 200-day moving average price is $13.55. The stock’s market cap is $3.43 billion. Tahoe Resources has a 12-month low of $6.48 and a 12-month high of $17.01.

The company also recently declared a monthly dividend, which will be paid on Thursday, October 27th. Stockholders of record on Thursday, October 20th will be given a dividend of $0.02 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Tuesday, October 18th.

A hedge fund recently raised its stake in Tahoe Resources stock. Creative Planning boosted its stake in shares of 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 (SEC). 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 as of its most recent filing with the SEC.

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.

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