Teachers Advisors LLC increased its stake in Tahoe Resources, Inc. (NYSE:TAHO) by 5.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 348,733 shares of the basic materials company’s stock after buying an additional 18,125 shares during the period. Teachers Advisors LLC’s holdings in Tahoe Resources were worth $2,800,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Front Barnett Associates LLC boosted its stake in Tahoe Resources by 3.3% in the first quarter. Front Barnett Associates LLC now owns 75,060 shares of the basic materials company’s stock valued at $603,000 after buying an additional 2,400 shares in the last quarter. Sigma Planning Corp boosted its stake in Tahoe Resources by 40.2% in the first quarter. Sigma Planning Corp now owns 25,690 shares of the basic materials company’s stock valued at $206,000 after buying an additional 7,364 shares in the last quarter. Exane Derivatives boosted its stake in Tahoe Resources by 8.7% in the first quarter. Exane Derivatives now owns 105,837 shares of the basic materials company’s stock valued at $850,000 after buying an additional 8,460 shares in the last quarter. SG Americas Securities LLC boosted its stake in Tahoe Resources by 76.8% in the first quarter. SG Americas Securities LLC now owns 21,175 shares of the basic materials company’s stock valued at $170,000 after buying an additional 9,195 shares in the last quarter. Finally, Quantbot Technologies LP boosted its stake in Tahoe Resources by 181.9% in the first quarter. Quantbot Technologies LP now owns 14,874 shares of the basic materials company’s stock valued at $119,000 after buying an additional 9,598 shares in the last quarter. Institutional investors and hedge funds own 64.95% of the company’s stock.

Tahoe Resources, Inc. (NYSE TAHO) traded down 1.45% during mid-day trading on Monday, hitting $5.43. 164,789 shares of the company traded hands. Tahoe Resources, Inc. has a one year low of $4.93 and a one year high of $17.01. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 9.89 and a beta of 0.47. The company’s 50-day moving average price is $6.12 and its 200 day moving average price is $7.95.

The firm also recently disclosed a monthly dividend, which was paid on Thursday, July 27th. Investors of record on Thursday, July 20th were given a $0.02 dividend. The ex-dividend date of this dividend was Tuesday, July 18th. This represents a $0.24 annualized dividend and a dividend yield of 4.36%. Tahoe Resources’s dividend payout ratio is presently 43.64%.

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Several analysts recently commented on the stock. UBS AG cut shares of Tahoe Resources from a “strong-buy” rating to an “outperform” rating in a report on Friday, June 23rd. National Bank Financial cut shares of Tahoe Resources from an “outperform market weight” rating to a “sector perform market weight” rating in a report on Wednesday, July 5th. BidaskClub cut shares of Tahoe Resources from a “hold” rating to a “sell” rating in a report on Saturday, June 17th. BMO Capital Markets cut shares of Tahoe Resources from an “outperform” rating to a “market perform” rating in a report on Thursday, July 6th. Finally, ValuEngine upgraded shares of Tahoe Resources from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.33.

Tahoe Resources Company Profile

Tahoe Resources Inc is a mine operations, and mineral exploration and development company. 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. Its 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, gold mining operations located in northeastern Ontario, Canada.

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Institutional Ownership by Quarter for Tahoe Resources (NYSE:TAHO)

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