Today: Today: Tahoe Resources Inc (TAHO) Stake Held by First Eagle Investment Management LLC

Today: Tahoe Resources Inc (TAHO) Stake Held by First Eagle Investment Management LLC

First Eagle Investment Management LLC maintained its position in Tahoe Resources Inc (NASDAQ:TAHO) (TSE:THO) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,499,549 shares of the company’s stock at the end of the third quarter. First Eagle Investment Management LLC owned approximately 1.45% of Tahoe Resources worth $57,654,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in TAHO. Public Employees Retirement Association of Colorado raised its position in 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. Quantbot Technologies LP raised its position in Tahoe Resources by 19.4% in the third quarter. Quantbot Technologies LP now owns 10,362 shares of the company’s stock valued at $132,000 after buying an additional 1,687 shares in the last quarter. Oxbow Advisors LLC purchased a new position in Tahoe Resources during the third quarter valued at approximately $255,000. Advisors Asset Management Inc. raised its position in Tahoe Resources by 73.8% in the third quarter. Advisors Asset Management Inc. now owns 21,213 shares of the company’s stock valued at $272,000 after buying an additional 9,009 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in Tahoe Resources by 4.8% in the third quarter. Wells Fargo & Company MN now owns 143,153 shares of the company’s stock valued at $1,837,000 after buying an additional 6,585 shares in the last quarter.

Shares of Tahoe Resources Inc (NASDAQ:TAHO) opened at 9.27 on Monday. Tahoe Resources Inc has a one year low of $6.48 and a one year high of $17.01. The company has a market capitalization of $2.88 billion and a price-to-earnings ratio of 257.50. The company’s 50 day moving average is $10.99 and its 200 day moving average is $13.31.

The business also recently declared a monthly dividend, which was paid on Wednesday, November 23rd. Investors of record on Wednesday, November 16th were issued a $0.02 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend was Monday, November 14th.

TAHO has been the topic of several recent analyst reports. TD Securities reissued a “buy” rating and issued a $26.00 target price (up from $24.00) on shares of Tahoe Resources in a report on Saturday, August 13th. Zacks Investment Research lowered shares of Tahoe Resources from a “buy” rating to a “hold” rating in a report on Tuesday, October 11th. Desjardins reissued a “buy” rating on shares of Tahoe Resources in a report on Wednesday, August 31st. National Bank Financial raised shares of Tahoe Resources from a “sector perform” rating to an “outperform” rating in a report on Friday, November 11th. Finally, RBC Capital Markets reissued a “sector perform” rating on shares of Tahoe Resources in a report on Tuesday, November 1st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $21.67.

Tahoe Resources Company Profile

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