Guggenheim Capital LLC reduced its stake in Tahoe Resources Inc (NASDAQ:TAHO) (TSE:THO) by 24.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 389,812 shares of the company’s stock after selling 124,934 shares during the period. Guggenheim Capital LLC’s holdings in Tahoe Resources were worth $3,673,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of TAHO. Sei Investments Co. raised its position 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 worth $101,000 after buying an additional 6,895 shares in the last quarter. Creative Planning raised its position 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 worth $119,000 after buying an additional 9,100 shares in the last quarter. Public Employees Retirement Association of Colorado raised its position 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 worth $124,000 after buying an additional 39 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position 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 worth $130,000 after buying an additional 3,882 shares in the last quarter. Finally, Quantbot Technologies LP raised its position in shares of Tahoe Resources by 19.4% in the third quarter. Quantbot Technologies LP now owns 10,362 shares of the company’s stock worth $132,000 after buying an additional 1,687 shares in the last quarter.
Tahoe Resources Inc (NASDAQ:TAHO) opened at 7.54 on Wednesday. Tahoe Resources Inc has a one year low of $7.12 and a one year high of $17.01. The stock’s 50 day moving average price is $8.44 and its 200-day moving average price is $10.22. The firm has a market cap of $2.35 billion and a price-to-earnings ratio of 18.53.
The firm also recently announced a monthly dividend, which will be paid on Thursday, March 30th. Shareholders of record on Thursday, March 23rd will be issued a dividend of $0.02 per share. The ex-dividend date is Tuesday, March 21st. This represents a $0.24 annualized dividend and a yield of 3.18%.
A number of research analysts have recently commented on TAHO shares. Royal Bank of Canada raised Tahoe Resources from a “sector perform” rating to an “outperform” rating and lowered their price objective for the company from $27.00 to $19.00 in a report on Monday, December 12th. JPMorgan Chase & Co. lowered Tahoe Resources from an “overweight” rating to a “neutral” rating and set a $11.00 price objective on the stock. in a report on Tuesday, January 10th. Finally, Zacks Investment Research lowered Tahoe Resources from a “hold” rating to a “sell” rating in a report on Friday, January 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $19.00.
About Tahoe Resources
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.
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