Tahoe Resources, Inc. (TAHO) Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. cut its position in Tahoe Resources, Inc. (NYSE:TAHO) (TSE:THO) by 38.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 214,642 shares of the basic materials company’s stock after selling 131,840 shares during the period. Goldman Sachs Group Inc. owned 0.07% of Tahoe Resources worth $1,850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the company. Alps Advisors Inc. boosted its stake in shares of Tahoe Resources by 0.3% in the second quarter. Alps Advisors Inc. now owns 66,787 shares of the basic materials company’s stock worth $576,000 after acquiring an additional 173 shares during the last quarter. Amalgamated Bank boosted its stake in shares of Tahoe Resources by 3.3% in the first quarter. Amalgamated Bank now owns 43,188 shares of the basic materials company’s stock worth $347,000 after acquiring an additional 1,395 shares during the last quarter. State of Wisconsin Investment Board boosted its stake in shares of Tahoe Resources by 2.4% in the second quarter. State of Wisconsin Investment Board now owns 61,493 shares of the basic materials company’s stock worth $530,000 after acquiring an additional 1,430 shares during the last quarter. Utah Retirement Systems boosted its stake in shares of Tahoe Resources by 3.1% in the second quarter. Utah Retirement Systems now owns 56,500 shares of the basic materials company’s stock worth $487,000 after acquiring an additional 1,700 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Tahoe Resources by 7.1% in the second quarter. Ameriprise Financial Inc. now owns 37,604 shares of the basic materials company’s stock worth $321,000 after acquiring an additional 2,480 shares during the last quarter. 69.89% of the stock is currently owned by hedge funds and other institutional investors.

TAHO has been the topic of a number of research analyst reports. Credit Suisse Group raised Tahoe Resources from a “neutral” rating to an “outperform” rating in a research note on Monday, September 11th. ValuEngine raised Tahoe Resources from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. BMO Capital Markets raised Tahoe Resources from a “market perform” rating to an “outperform” rating in a research note on Monday, September 11th. BidaskClub lowered Tahoe Resources from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 18th. Finally, Royal Bank Of Canada lowered Tahoe Resources from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average 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.

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

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