Stifel Financial Corp Lowers Position in Tahoe Resources, Inc. (TAHO)

Stifel Financial Corp lessened its stake in Tahoe Resources, Inc. (NYSE:TAHO) (TSE:THO) by 5.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 438,175 shares of the basic materials company’s stock after selling 25,749 shares during the quarter. Stifel Financial Corp owned approximately 0.14% of Tahoe Resources worth $3,772,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Alps Advisors Inc. grew its stake in Tahoe Resources by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 66,787 shares of the basic materials company’s stock valued at $576,000 after buying an additional 173 shares in the last quarter. Amalgamated Bank grew its stake in Tahoe Resources by 3.3% in the 1st quarter. Amalgamated Bank now owns 43,188 shares of the basic materials company’s stock valued at $347,000 after buying an additional 1,395 shares in the last quarter. State of Wisconsin Investment Board grew its stake in Tahoe Resources by 2.4% in the 2nd quarter. State of Wisconsin Investment Board now owns 61,493 shares of the basic materials company’s stock valued at $530,000 after buying an additional 1,430 shares in the last quarter. Utah Retirement Systems grew its stake in Tahoe Resources by 3.1% in the 2nd quarter. Utah Retirement Systems now owns 56,500 shares of the basic materials company’s stock valued at $487,000 after buying an additional 1,700 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Tahoe Resources by 7.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 37,604 shares of the basic materials company’s stock valued at $321,000 after buying an additional 2,480 shares in the last quarter. 71.12% of the stock is currently owned by institutional investors.

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A number of research analysts recently weighed in on TAHO shares. BidaskClub upgraded shares of Tahoe Resources from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Royal Bank Of Canada lowered shares of Tahoe Resources from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 7th. Raymond James Financial, Inc. lowered shares of Tahoe Resources from a “strong-buy” rating to an “outperform” rating in a research note on Friday, June 23rd. ValuEngine lowered shares of Tahoe Resources from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Macquarie lowered shares of Tahoe Resources from an “outperform” rating to a “neutral” rating in a research note on Friday, July 7th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $17.33.

Tahoe Resources, Inc. (NYSE TAHO) opened at 5.37 on Wednesday. Tahoe Resources, Inc. has a 52-week low of $4.24 and a 52-week high of $12.65. The stock’s 50 day moving average is $5.28 and its 200-day moving average is $7.02. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 9.78 and a beta of 0.43.

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

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