It is currently trading at $5.64 a tad above the 50 day moving average which is $5.27 and which is quite a bit below the 200 day moving average of $7.26. The 50 day moving average moved up $0.37 and the 200 day average went down $-1.62 or -22.29%. Tahoe Resources, Inc. Ordinary shares had a trading volume of 2,948K in the last trading session. Volume was up 37.43% over the stocks average daily volume.
Traders are a little more bearish on shares of Tahoe Resources, Inc. Ordinary of late if you take a look at the uptick in short interest. The company experienced a rise in short interest between August 15, 2017 and August 31, 2017 of 27.74%. Short interest grew 2,082,298 over that period. Days to cover decreased 0.0 to 3.0 and the percentage of shorted shares is 0.03% as of August 31.
A few notable investment firms have updated their holdings. Vanguard Group Inc added to its ownership by buying 41,558 shares an increase of 240.5%. Vanguard Group Inc owns 58,835 shares worth $507,000. The total value of its holdings increased 264.7%. Sentry Investment Management LLC expanded its position by buying 4,610 shares an increase of 1.7% as of 06/30/2017. Sentry Investment Management LLC now holds 278,949 shares with a value of $2,405,000. The value of the position overall is up by 9.2%.
Toronto Dominion Bank bolstered its investment by buying 341,600 shares an increase of 1,146.3% from 03/31/2017 to 06/30/2017. Toronto Dominion Bank controls 371,400 shares valued at $3,202,000. The total value of its holdings increased 1,239.7%. Dynamic Technology Lab Private Ltd divested its holdings by shedding 68,170 shares a decrease of 82.2% in the quarter. Dynamic Technology Lab Private Ltd claims 14,773 shares worth $128,000. The total value of its holdings decreased 80.8%.
On September 12 the stock rating was upgraded to “Outperform” from “” in a report issued by BMO Capital. On July 7 the company was downgraded from “Outperform” to “Neutral” by analysts at RBC Capital.
On July 7, 2017 the stock rating was set at “Market Perform” by Raymond James which is down from the previous “Outperform” rating.
The company is so far trading unchanged since yesterday’s close of 5.64. Additionally Tahoe Resources, Inc. Ordinary announced a dividend paid on Thursday July 27th, 2017. The dividend was $0.060 per share for the quarter or $0.24 annualized. This dividend represents a yield of $4.35 which is the dividend as a percentage of the current share price. The ex-dividend date was Tuesday the 18th of July 2017.
The company’s P/E ratio is 10.27 and market capitalization is 1.76B. In the latest earnings report the EPS was $0.55 and is projected to be $0.34 for the current year with 312,775,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.03 and the next full year EPS is projected to be $0.43.
Tahoe Resources Inc., launched on November 10, 2009, is a mine operations, and mineral exploration and development company. The Business’s principal business activities are the exploration, development, operation and acquisition of mineral properties for the mining of precious metals in the Americas. The Business’s business involves operating the Escobal mine, a silver mining operation located in southeastern Guatemala, the La Arena and Shahuindo mines, gold mining operations located in northwestern Peru, and the Bell Creek mine and mill and the Timmins West mine (together, the Timmins mines), gold mining operations located in northeastern Ontario, Canada. Its additional business objectives include the expansion of gold production at the Shahuindo and Bell Creek mines, the development of the Whitney Project and the ongoing exploration programs in Peru and Canada. The Company produces silver, gold, lead and zinc from mines located in Guatemala, Peru and Canada..