Tahoe Resources, Inc. (NYSE:TAHO) (TSE:THO) was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report released on Monday.

A number of other equities analysts have also recently weighed in on the stock. Credit Suisse Group raised shares of Tahoe Resources from a “neutral” rating to an “outperform” rating in a research report on Monday. ValuEngine cut shares of Tahoe Resources from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. National Bank Financial reissued a “sec perform spec market wgt” rating on shares of Tahoe Resources in a research report on Sunday, July 23rd. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Tahoe Resources in a research report on Friday, July 7th. Finally, Macquarie cut shares of Tahoe Resources from an “outperform” rating to a “neutral” rating in a research report on Friday, July 7th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Tahoe Resources currently has an average rating of “Hold” and a consensus target price of $17.33.

Shares of Tahoe Resources (NYSE TAHO) opened at 6.18 on Monday. Tahoe Resources has a 52-week low of $4.24 and a 52-week high of $14.60. The firm has a market cap of $1.93 billion, a PE ratio of 11.26 and a beta of 0.44. The stock’s 50 day moving average price is $5.23 and its 200-day moving average price is $7.37.

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Several hedge funds have recently modified their holdings of the company. Van ECK Associates Corp lifted its position in shares of Tahoe Resources by 43.8% during the second quarter. Van ECK Associates Corp now owns 32,498,949 shares of the basic materials company’s stock worth $280,141,000 after purchasing an additional 9,901,125 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Tahoe Resources by 144.8% during the second quarter. Franklin Resources Inc. now owns 32,245,663 shares of the basic materials company’s stock worth $278,086,000 after purchasing an additional 19,075,308 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Tahoe Resources by 63.5% during the second quarter. Bank of Montreal Can now owns 7,975,411 shares of the basic materials company’s stock worth $68,748,000 after purchasing an additional 3,097,666 shares during the last quarter. First Eagle Investment Management LLC lifted its position in shares of Tahoe Resources by 7.6% during the second quarter. First Eagle Investment Management LLC now owns 6,727,169 shares of the basic materials company’s stock worth $58,014,000 after purchasing an additional 475,000 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Tahoe Resources by 5.8% during the second quarter. Vanguard Group Inc. now owns 6,535,633 shares of the basic materials company’s stock worth $56,338,000 after purchasing an additional 355,413 shares during the last quarter. 71.12% of the stock is currently owned by institutional investors and hedge funds.

About Tahoe Resources

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.

Analyst Recommendations for Tahoe Resources (NYSE:TAHO)

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