TD Asset Management Inc. raised its stake in shares of Tahoe Resources, Inc. (NYSE:TAHO) by 11.1% during the second quarter, Holdings Channel reports. The firm owned 4,880,436 shares of the basic materials company’s stock after buying an additional 486,534 shares during the period. TD Asset Management Inc.’s holdings in Tahoe Resources were worth $42,014,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Quantbot Technologies LP increased its position in shares of Tahoe Resources by 181.9% in the first quarter. Quantbot Technologies LP now owns 14,874 shares of the basic materials company’s stock valued at $119,000 after buying an additional 9,598 shares during the period. Karp Capital Management Corp acquired a new position in shares of Tahoe Resources during the first quarter valued at $143,000. Laurion Capital Management LP increased its position in shares of Tahoe Resources by 18.8% in the first quarter. Laurion Capital Management LP now owns 20,200 shares of the basic materials company’s stock valued at $162,000 after buying an additional 3,200 shares during the period. Highbridge Capital Management LLC acquired a new position in shares of Tahoe Resources during the fourth quarter valued at $170,000. Finally, SG Americas Securities LLC increased its position in shares of Tahoe Resources by 76.8% in the first quarter. SG Americas Securities LLC now owns 21,175 shares of the basic materials company’s stock valued at $170,000 after buying an additional 9,195 shares during the period. Institutional investors own 64.64% of the company’s stock.

Shares of Tahoe Resources, Inc. (NYSE TAHO) opened at 5.18 on Thursday. Tahoe Resources, Inc. has a 12-month low of $4.93 and a 12-month high of $17.01. The stock’s 50 day moving average price is $6.31 and its 200-day moving average price is $8.00. The firm has a market capitalization of $1.62 billion, a P/E ratio of 10.40 and a beta of 0.47.

The business also recently announced a monthly dividend, which was paid on Thursday, July 27th. Shareholders of record on Thursday, July 20th were given a $0.02 dividend. The ex-dividend date was Tuesday, July 18th. This represents a $0.24 dividend on an annualized basis and a yield of 4.63%. Tahoe Resources’s payout ratio is 48.98%.

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A number of research firms have recently commented on TAHO. National Bank Financial restated a “sec perform spec market wgt” rating on shares of Tahoe Resources in a report on Sunday, July 23rd. ValuEngine upgraded Tahoe Resources from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Tahoe Resources in a report on Friday, July 7th. Macquarie downgraded Tahoe Resources from an “outperform” rating to a “neutral” rating in a report on Friday, July 7th. Finally, Credit Suisse Group downgraded Tahoe Resources from an “outperform” rating to a “neutral” rating in a report on Friday, July 7th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $19.50.

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.

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

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