Analysts Set $19.53 Target Price for Tahoe Resources Inc (NASDAQ:TAHO)

Shares of Tahoe Resources Inc (NASDAQ:TAHO) have been given an average broker rating score of 1.38 (Strong Buy) from the eight brokers that provide coverage for the company, Zacks Investment Research reports. Three research analysts have rated the stock with a buy recommendation and five have given a strong buy recommendation to the company. Tahoe Resources’ rating score has declined by 15% in the last 90 days as a result of various analysts’ upgrades and downgrades.

Analysts have set a 12 month consensus target price of $19.53 for the company and are expecting that the company will post $0.19 EPS for the current quarter, according to Zacks. Zacks has also given Tahoe Resources an industry rank of 21 out of 265 based on the ratings given to related companies.

A number of equities research analysts have issued reports on TAHO shares. Desjardins reaffirmed a “buy” rating on shares of Tahoe Resources in a report on Wednesday, August 31st. TD Securities reaffirmed a “buy” rating and set a $26.00 price objective (up from $24.00) on shares of Tahoe Resources in a report on Saturday, August 13th. HSBC reaffirmed a “buy” rating on shares of Tahoe Resources in a report on Thursday, July 7th. Finally, Zacks Investment Research raised shares of Tahoe Resources from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Thursday, June 30th.

Shares of Tahoe Resources (NASDAQ:TAHO) opened at 14.00 on Tuesday. The stock’s market cap is $4.35 billion. Tahoe Resources has a 1-year low of $6.48 and a 1-year high of $17.01. The stock’s 50 day moving average price is $14.49 and its 200-day moving average price is $13.40.

The company also recently announced a monthly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 22nd will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Tuesday, September 20th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.71%.

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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