Intact Investment Management Inc. Increases Holdings in Tahoe Resources, Inc. (TAHO)

Intact Investment Management Inc. grew its position in Tahoe Resources, Inc. (NYSE:TAHO) (TSE:THO) by 82.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,124,800 shares of the basic materials company’s stock after acquiring an additional 1,409,240 shares during the quarter. Tahoe Resources accounts for about 0.9% of Intact Investment Management Inc.’s holdings, making the stock its 29th largest position. Intact Investment Management Inc. owned 1.00% of Tahoe Resources worth $20,436,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in TAHO. Karp Capital Management Corp bought a new stake in shares of Tahoe Resources in the 1st quarter worth approximately $143,000. Parametric Portfolio Associates LLC lifted its position in shares of Tahoe Resources by 46.3% in the 1st quarter. Parametric Portfolio Associates LLC now owns 124,686 shares of the basic materials company’s stock worth $1,001,000 after acquiring an additional 39,444 shares during the period. SG Americas Securities LLC lifted its position in shares of Tahoe Resources by 76.8% in the 1st quarter. SG Americas Securities LLC now owns 21,175 shares of the basic materials company’s stock worth $170,000 after acquiring an additional 9,195 shares during the period. Teachers Advisors LLC lifted its position in shares of Tahoe Resources by 5.5% in the 1st quarter. Teachers Advisors LLC now owns 348,733 shares of the basic materials company’s stock worth $2,800,000 after acquiring an additional 18,125 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of Tahoe Resources by 109.0% during the 1st quarter. Legal & General Group Plc now owns 126,199 shares of the basic materials company’s stock worth $1,012,000 after buying an additional 65,803 shares during the period. Institutional investors own 69.89% of the company’s stock.

Tahoe Resources, Inc. (TAHO) traded down 0.62% during trading on Tuesday, hitting $4.78. The company had a trading volume of 466,631 shares. Tahoe Resources, Inc. has a one year low of $4.24 and a one year high of $12.65. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 8.71 and a beta of 0.42. The stock has a 50-day moving average of $5.31 and a 200 day moving average of $6.68.

Several equities analysts recently commented on TAHO shares. BidaskClub downgraded Tahoe Resources from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 18th. Royal Bank Of Canada downgraded Tahoe Resources from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 7th. ValuEngine downgraded Tahoe Resources from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Macquarie downgraded Tahoe Resources from an “outperform” rating to a “neutral” rating in a research report on Friday, July 7th. Finally, TD Securities downgraded Tahoe Resources from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Tahoe Resources currently has a consensus rating of “Hold” and an average price target of $17.33.

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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.

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

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