Tahoe Resources Inc (NYSE:TAHO) has been assigned an average recommendation of “Buy” from the ten research firms that are currently covering the firm. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $22.33.
TAHO has been the topic of several research analyst reports. Zacks Investment Research lowered Tahoe Resources from a “hold” rating to a “sell” rating in a research note on Friday, January 13th. JPMorgan Chase & Co. lowered Tahoe Resources from an “overweight” rating to a “neutral” rating and set a $11.00 price objective on the stock. in a research note on Tuesday, January 10th. Finally, Royal Bank of Canada raised Tahoe Resources from a “sector perform” rating to an “outperform” rating and reduced their price objective for the company from $27.00 to $19.00 in a research note on Monday, December 12th.
A number of hedge funds and other institutional investors have recently modified their holdings of TAHO. FMR LLC raised its position in shares of Tahoe Resources by 19.9% in the fourth quarter. FMR LLC now owns 32,126,807 shares of the company’s stock worth $302,687,000 after buying an additional 5,323,531 shares during the period. Greystone Managed Investments Inc. acquired a new position in shares of Tahoe Resources during the third quarter worth about $54,790,000. The Manufacturers Life Insurance Company acquired a new position in shares of Tahoe Resources during the third quarter worth about $36,521,000. Cidel Asset Management Inc. acquired a new position in shares of Tahoe Resources during the third quarter worth about $15,359,000. Finally, Allianz Asset Management AG raised its position in shares of Tahoe Resources by 51.9% in the fourth quarter. Allianz Asset Management AG now owns 2,604,768 shares of the company’s stock worth $24,571,000 after buying an additional 889,452 shares during the period. Hedge funds and other institutional investors own 62.18% of the company’s stock.
Shares of Tahoe Resources (NYSE:TAHO) opened at 7.86 on Tuesday. Tahoe Resources has a 12 month low of $7.12 and a 12 month high of $17.01. The firm has a market cap of $2.45 billion, a PE ratio of 19.31 and a beta of 0.47. The stock’s 50 day moving average is $8.27 and its 200 day moving average is $10.05.
The company also recently declared a monthly dividend, which will be paid on Thursday, March 30th. Stockholders of record on Thursday, March 23rd will be issued a $0.02 dividend. The ex-dividend date is Tuesday, March 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.05%. Tahoe Resources’s dividend payout ratio (DPR) is -480.00%.
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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