Vanguard Group Inc. raised its stake in Tahoe Resources, Inc. (NYSE:TAHO) by 7.1% during the first quarter, Holdings Channel reports. The fund owned 6,180,220 shares of the basic materials company’s stock after buying an additional 408,544 shares during the period. Vanguard Group Inc.’s holdings in Tahoe Resources were worth $49,627,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Global X Management Co. LLC boosted its position in Tahoe Resources by 15.1% in the first quarter. Global X Management Co. LLC now owns 3,895,277 shares of the basic materials company’s stock valued at $31,194,000 after buying an additional 511,639 shares during the last quarter. Columbia Wanger Asset Management LLC boosted its position in Tahoe Resources by 17.4% in the first quarter. Columbia Wanger Asset Management LLC now owns 4,292,185 shares of the basic materials company’s stock valued at $34,467,000 after buying an additional 635,837 shares during the last quarter. Sentry Investment Management LLC boosted its position in Tahoe Resources by 24.2% in the first quarter. Sentry Investment Management LLC now owns 274,339 shares of the basic materials company’s stock valued at $2,203,000 after buying an additional 53,514 shares during the last quarter. Legal & General Group Plc boosted its position in Tahoe Resources by 109.0% in the first quarter. Legal & General Group Plc now owns 126,199 shares of the basic materials company’s stock valued at $1,012,000 after buying an additional 65,803 shares during the last quarter. Finally, Laurion Capital Management LP boosted its position in 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 last quarter. Institutional investors and hedge funds own 64.64% of the company’s stock.

Shares of Tahoe Resources, Inc. (NYSE:TAHO) opened at 5.19 on Thursday. The firm’s 50-day moving average price is $6.31 and its 200 day moving average price is $8.00. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 9.45 and a beta of 0.47. Tahoe Resources, Inc. has a 52 week low of $4.93 and a 52 week high of $17.01.

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

ILLEGAL ACTIVITY NOTICE: “Tahoe Resources, Inc. (NYSE:TAHO) Stake Increased by Vanguard Group Inc.” was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this news story on another domain, it was stolen and republished in violation of U.S. and international copyright laws. The original version of this news story can be accessed at https://www.watchlistnews.com/tahoe-resources-inc-nysetaho-stake-increased-by-vanguard-group-inc/1469618.html.

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

Tahoe Resources Company 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.

Want to see what other hedge funds are holding TAHO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tahoe Resources, Inc. (NYSE:TAHO).

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

Receive News & Ratings for Tahoe Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tahoe Resources Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.