Public Sector Pension Investment Board cut its stake in shares of Tahoe Resources Inc (NASDAQ:TAHO) (TSE:THO) by 3.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,064,160 shares of the company’s stock after selling 67,800 shares during the period. Public Sector Pension Investment Board owned approximately 0.66% of Tahoe Resources worth $19,471,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the stock. Sei Investments Co. increased its stake in shares of Tahoe Resources by 753.6% in the third quarter. Sei Investments Co. now owns 7,810 shares of the company’s stock valued at $101,000 after buying an additional 6,895 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Tahoe Resources during the fourth quarter valued at approximately $106,000. Creative Planning increased its stake in shares of Tahoe Resources by 4,550.0% in the third quarter. Creative Planning now owns 9,300 shares of the company’s stock valued at $119,000 after buying an additional 9,100 shares in the last quarter. Public Employees Retirement Association of Colorado increased its stake in shares of Tahoe Resources by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 9,689 shares of the company’s stock valued at $124,000 after buying an additional 39 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of Tahoe Resources by 65.1% in the third quarter. DekaBank Deutsche Girozentrale now owns 9,844 shares of the company’s stock valued at $130,000 after buying an additional 3,882 shares in the last quarter.

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

Tahoe Resources Inc (NASDAQ:TAHO) traded up 2.81% during trading on Thursday, reaching $9.15. 2,136,252 shares of the company traded hands. Tahoe Resources Inc has a 52 week low of $8.30 and a 52 week high of $17.01. The firm has a market capitalization of $2.85 billion and a price-to-earnings ratio of 254.17. The company’s 50-day moving average price is $9.27 and its 200 day moving average price is $11.43.

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 23rd. Stockholders of record on Thursday, February 16th will be issued a dividend of $0.02 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Tuesday, February 14th.

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Several equities analysts recently weighed in on the stock. Desjardins restated a “buy” rating and set a $22.00 price target (up previously from $21.50) on shares of Tahoe Resources in a research report on Thursday, November 10th. Zacks Investment Research upgraded shares of Tahoe Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, October 19th. J P Morgan Chase & Co lowered shares of Tahoe Resources from an “overweight” rating to a “neutral” rating and set a $11.00 price target for the company. in a research report on Tuesday, January 10th. RBC Capital Markets upgraded shares of Tahoe Resources from a “sector perform” rating to an “outperform” rating and reduced their price target for the company from $27.00 to $19.00 in a research report on Monday, December 12th. Finally, Royal Bank Of Canada upgraded shares of Tahoe Resources from a “sector perform” rating to an “outperform” rating and reduced their price target for the company from $27.00 to $19.00 in a research report on Monday, December 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $19.00.

Tahoe Resources Company Profile

Tahoe Resources Inc is a mine operating, mineral exploration and development company. The Company’s principal business activities are to operate the Escobal mine, a silver mining operation in southeastern Guatemala; the La Arena mine, a gold mining operation located in northwestern Peru, and the Shahuindo gold mine, located in northwestern Peru.

5 Day Chart for NASDAQ:TAHO

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