Tahoe Resources Inc (NASDAQ:TAHO) shares traded up 1.5% during trading on Friday after the company announced a dividend. The company traded as high as $11.67 and last traded at $11.31, with a volume of 1,754,314 shares. The stock had previously closed at $11.14.
The newly announced 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. This represents a $0.24 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Tuesday, October 18th.
A number of research analysts have commented on the company. HSBC reaffirmed a “buy” rating on shares of Tahoe Resources in a report on Thursday, July 7th. TD Securities reaffirmed a “buy” rating and set a $26.00 target price (up previously from $24.00) on shares of Tahoe Resources in a report on Saturday, August 13th. Zacks Investment Research raised Tahoe Resources from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Thursday, June 30th. Finally, Desjardins reaffirmed a “buy” rating on shares of Tahoe Resources in a report on Wednesday, August 31st.
The company’s market cap is $3.51 billion. The firm has a 50 day moving average price of $13.58 and a 200 day moving average price of $13.55.
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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