Tahoe Resources, Inc. (NYSE:TAHO) dividends of $0.02 are projected for the near future; this is why.

June 19, 2017 - By Adrian Erickson

 Tahoe Resources, Inc. (NYSE:TAHO) dividends of $0.02 are projected for the near future; this is why.

Tahoe Resources, Inc. (NYSE:TAHO) is expected to pay $0.02 on Jun 29, 2017. The indicated annual dividend is $0.24. Shareholders owning the stock before Jun 20, 2017 will be eligible to receive the payout. Based on Tahoe Resources, Inc.’s current price of $8.40, the dividend is 0.24 %. This dividend’s record date is Jun 22, 2017 and the announcement date is Jun 8, 2017. The stock decreased 0.24% or $0.02 during the last trading session, reaching $8.4. About shares traded. Tahoe Resources Inc (NYSE:TAHO) has declined 23.51% since June 19, 2016 and is downtrending. It has underperformed by 40.21% the S&P500.

Tahoe Resources Inc. is a mine operations, and mineral exploration and development company. The company has market cap of $2.62 billion. The Company’s principal business activities are the exploration, development, operation and acquisition of mineral properties for the mining of precious metals in the Americas. It has a 17.5 P/E ratio. The Company’s business involves operating the Escobal mine, a silver mining operation located in southeastern Guatemala, the La Arena and Shahuindo mines, gold mining activities located in northwestern Peru, and the Bell Creek mine and mill and the Timmins West mine, gold mining activities located in northeastern Ontario, Canada.

Tahoe Resources Inc (NYSE:TAHO) Ratings Coverage

Among 6 analysts covering Tahoe Resources (NYSE:TAHO), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Tahoe Resources had 9 analyst reports since October 8, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, January 10 by JP Morgan. JP Morgan initiated the shares of TAHO in report on Friday, December 11 with “Overweight” rating. The company was downgraded on Thursday, January 19 by IBC. IBC upgraded the stock to “Sector Outperform” rating in Thursday, October 8 report. The rating was downgraded by Raymond James on Wednesday, April 20 to “Outperform”. As per Monday, December 12, the company rating was upgraded by RBC Capital Markets. On Wednesday, August 31 the stock rating was initiated by Desjardins Securities with “Buy”. The stock of Tahoe Resources Inc (NYSE:TAHO) has “Buy” rating given on Friday, April 15 by Bank of America.

More notable recent Tahoe Resources Inc (NYSE:TAHO) news were published by: Marketwatch.com which released: “Tahoe Provides Escobal Update” on June 19, 2017, also Nasdaq.com with their article: “Commit To Purchase Tahoe Resources At $7.50, Earn 12.3% Annualized Using Options” published on May 31, 2017, Prnewswire.com published: “Tahoe Reports On Legal Claim In Guatemala” on May 24, 2017. More interesting news about Tahoe Resources Inc (NYSE:TAHO) were released by: Reuters.com and their article: “BRIEF-Tahoe Resources Inc has learned that an anti-mining organization, CALAS …” published on May 24, 2017 as well as Prnewswire.com‘s news article titled: “Tahoe Resources Declares Sixth Monthly Dividend For 2017” with publication date: June 08, 2017.

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