Osterweis Capital Management Inc. decreased its holdings in Tahoe Resources, Inc. (NYSE:TAHO) (TSE:THO) by 0.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 2,747,715 shares of the basic materials company’s stock after selling 18,530 shares during the period. Tahoe Resources makes up about 1.8% of Osterweis Capital Management Inc.’s investment portfolio, making the stock its 26th largest position. Osterweis Capital Management Inc. owned 0.88% of Tahoe Resources worth $23,684,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp grew its position in Tahoe Resources by 43.8% in the second quarter. Van ECK Associates Corp now owns 32,498,949 shares of the basic materials company’s stock valued at $280,141,000 after acquiring an additional 9,901,125 shares in the last quarter. Franklin Resources Inc. grew its position in Tahoe Resources by 144.8% in the second quarter. Franklin Resources Inc. now owns 32,245,663 shares of the basic materials company’s stock valued at $278,086,000 after acquiring an additional 19,075,308 shares in the last quarter. Bank of Montreal Can grew its position in Tahoe Resources by 63.5% in the second quarter. Bank of Montreal Can now owns 7,975,411 shares of the basic materials company’s stock valued at $68,748,000 after acquiring an additional 3,097,666 shares in the last quarter. First Eagle Investment Management LLC grew its position in Tahoe Resources by 7.6% in the second quarter. First Eagle Investment Management LLC now owns 6,727,169 shares of the basic materials company’s stock valued at $58,014,000 after acquiring an additional 475,000 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Tahoe Resources by 5.8% in the second quarter. Vanguard Group Inc. now owns 6,535,633 shares of the basic materials company’s stock valued at $56,338,000 after acquiring an additional 355,413 shares in the last quarter. Hedge funds and other institutional investors own 71.12% of the company’s stock.

Several analysts have issued reports on the stock. UBS AG downgraded shares of Tahoe Resources from a “strong-buy” rating to an “outperform” rating in a research report on Friday, June 23rd. National Bank Financial reaffirmed a “sec perform spec market wgt” rating on shares of Tahoe Resources in a research report on Sunday, July 23rd. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Tahoe Resources in a research report on Friday, July 7th. Macquarie downgraded shares of Tahoe Resources from an “outperform” rating to a “neutral” rating in a research report on Friday, July 7th. Finally, Credit Suisse Group downgraded shares of Tahoe Resources from an “outperform” rating to a “neutral” rating in a research report on Friday, July 7th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $17.33.

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Tahoe Resources, Inc. (NYSE TAHO) traded up 0.94% during mid-day trading on Friday, hitting $5.38. 1,665,100 shares of the stock were exchanged. Tahoe Resources, Inc. has a one year low of $4.24 and a one year high of $12.65. The company has a 50-day moving average price of $5.29 and a 200-day moving average price of $7.06. The company has a market cap of $1.68 billion, a P/E ratio of 9.80 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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