Commonwealth Bank of Australia reduced its holdings in Tahoe Resources, Inc. (NYSE:TAHO) (TSE:THO) by 5.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 458,499 shares of the basic materials company’s stock after selling 25,529 shares during the period. Commonwealth Bank of Australia owned 0.15% of Tahoe Resources worth $3,946,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TAHO. Alps Advisors Inc. grew its position in shares of Tahoe Resources by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 66,787 shares of the basic materials company’s stock valued at $576,000 after acquiring an additional 173 shares during the period. Amalgamated Bank grew its position in shares of Tahoe Resources by 3.3% in the 1st quarter. Amalgamated Bank now owns 43,188 shares of the basic materials company’s stock valued at $347,000 after acquiring an additional 1,395 shares during the period. State of Wisconsin Investment Board grew its position in shares of Tahoe Resources by 2.4% in the 2nd quarter. State of Wisconsin Investment Board now owns 61,493 shares of the basic materials company’s stock valued at $530,000 after acquiring an additional 1,430 shares during the period. Utah Retirement Systems grew its position in shares of Tahoe Resources by 3.1% in the 2nd quarter. Utah Retirement Systems now owns 56,500 shares of the basic materials company’s stock valued at $487,000 after acquiring an additional 1,700 shares during the period. Finally, Aperio Group LLC grew its position in shares of Tahoe Resources by 16.4% in the 2nd quarter. Aperio Group LLC now owns 20,686 shares of the basic materials company’s stock valued at $178,000 after acquiring an additional 2,916 shares during the period. Hedge funds and other institutional investors own 71.12% of the company’s stock.

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TAHO has been the subject of a number of analyst reports. ValuEngine raised shares of Tahoe Resources from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. TD Securities downgraded shares of Tahoe Resources from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. BidaskClub raised shares of Tahoe Resources from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. BMO Capital Markets downgraded shares of Tahoe Resources from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 6th. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of Tahoe Resources in a research report on Friday, July 7th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $17.33.

Shares of Tahoe Resources, Inc. (NYSE TAHO) opened at 4.70 on Friday. The company has a market cap of $1.47 billion, a P/E ratio of 8.56 and a beta of 0.44. The company’s 50 day moving average is $5.22 and its 200 day moving average is $7.41. Tahoe Resources, Inc. has a one year low of $4.24 and a one year high of $14.60.

Tahoe Resources 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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