Fore Research & Management LP bought a new stake in shares of Tahoe Resources, Inc. (NYSE:TAHO) (TSE:THO) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 20,000 shares of the basic materials company’s stock, valued at approximately $172,000.

Several other large investors also recently bought and sold shares of TAHO. Van ECK Associates Corp lifted its holdings in shares of Tahoe Resources by 43.8% in the 2nd 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. boosted its position in Tahoe Resources by 144.8% during the 2nd quarter. Franklin Resources Inc. now owns 32,245,663 shares of the basic materials company’s stock valued at $278,086,000 after purchasing an additional 19,075,308 shares during the period. Bank of Montreal Can boosted its position in Tahoe Resources by 63.5% during the 2nd quarter. Bank of Montreal Can now owns 7,975,411 shares of the basic materials company’s stock valued at $68,748,000 after purchasing an additional 3,097,666 shares during the period. First Eagle Investment Management LLC boosted its position in Tahoe Resources by 7.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 6,727,169 shares of the basic materials company’s stock valued at $58,014,000 after purchasing an additional 475,000 shares during the period. Finally, Vanguard Group Inc. boosted its position in Tahoe Resources by 5.8% during the 2nd quarter. Vanguard Group Inc. now owns 6,535,633 shares of the basic materials company’s stock valued at $56,338,000 after purchasing an additional 355,413 shares during the period. 71.12% of the stock is owned by institutional investors.

Several equities research analysts have weighed in on the company. National Bank Financial reaffirmed a “sec perform spec market wgt” rating on shares of Tahoe Resources in a research report on Sunday, July 23rd. Raymond James Financial, Inc. cut Tahoe Resources from a “strong-buy” rating to an “outperform” rating in a research note on Friday, June 23rd. ValuEngine raised shares of Tahoe Resources from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. BMO Capital Markets downgraded shares of Tahoe Resources from an “outperform” rating to a “market perform” rating in a report on Thursday, July 6th. Finally, Credit Suisse Group downgraded shares of Tahoe Resources from an “outperform” rating to a “neutral” rating in a report on Friday, July 7th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $17.33.

Shares of Tahoe Resources, Inc. (NYSE TAHO) traded up 3.016% during trading on Tuesday, reaching $5.295. The company had a trading volume of 798,290 shares. Tahoe Resources, Inc. has a 12-month low of $4.24 and a 12-month high of $12.65. The firm has a 50-day moving average of $5.31 and a 200-day moving average of $7.11. The company has a market cap of $1.66 billion, a P/E ratio of 9.645 and a beta of 0.42.

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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.

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

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