AGF Investments Inc. decreased its position in Tahoe Resources Inc (NYSE:TAHO) by 67.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,254,187 shares of the basic materials company’s stock after selling 2,625,725 shares during the period. AGF Investments Inc. owned approximately 0.40% of Tahoe Resources worth $10,061,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Aperio Group LLC raised its stake in Tahoe Resources by 1.4% in the third quarter. Aperio Group LLC now owns 12,786 shares of the basic materials company’s stock worth $164,000 after buying an additional 178 shares in the last quarter. BlackRock Advisors LLC raised its stake in Tahoe Resources by 1.4% in the third quarter. BlackRock Advisors LLC now owns 122,771 shares of the basic materials company’s stock worth $1,575,000 after buying an additional 1,679 shares in the last quarter. Front Barnett Associates LLC raised 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 worth $603,000 after buying an additional 2,400 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in Tahoe Resources by 4.9% in the fourth quarter. Gamco Investors INC. ET AL now owns 70,820 shares of the basic materials company’s stock worth $667,000 after buying an additional 3,300 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in Tahoe Resources by 65.1% in the third quarter. DekaBank Deutsche Girozentrale now owns 9,844 shares of the basic materials company’s stock worth $130,000 after buying an additional 3,882 shares in the last quarter. Institutional investors own 62.18% of the company’s stock.
Tahoe Resources Inc (NYSE:TAHO) traded up 0.54% during trading on Friday, reaching $9.23. 2,873,145 shares of the company were exchanged. The stock has a market capitalization of $2.88 billion, a P/E ratio of 18.53 and a beta of 0.47. The company’s 50-day moving average price is $8.30 and its 200-day moving average price is $9.10. Tahoe Resources Inc has a 1-year low of $7.12 and a 1-year high of $17.01.
The firm also recently declared a monthly dividend, which will be paid on Thursday, May 25th. Stockholders of record on Thursday, May 18th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Tuesday, May 16th. This represents a $0.24 annualized dividend and a dividend yield of 2.60%. Tahoe Resources’s dividend payout ratio is currently -480.00%.
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A number of research firms have recently weighed in on TAHO. Raymond James Financial, Inc. upgraded shares of Tahoe Resources from an “outperform” rating to a “strong-buy” rating in a report on Wednesday, April 5th. Zacks Investment Research upgraded shares of Tahoe Resources from a “sell” rating to a “hold” rating in a report on Friday, May 5th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Tahoe Resources has an average rating of “Buy” and a consensus target price of $19.00.
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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