Spears Abacus Advisors LLC maintained its stake in shares of Tahoe Resources Inc (NYSE:TAHO) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,522 shares of the basic materials company’s stock at the end of the first quarter. Spears Abacus Advisors LLC’s holdings in Tahoe Resources were worth $221,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of TAHO. Sei Investments Co. boosted its stake in shares of Tahoe Resources by 753.6% in the third quarter. Sei Investments Co. now owns 7,810 shares of the basic materials company’s stock valued at $101,000 after buying an additional 6,895 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Tahoe Resources during the fourth quarter valued at approximately $106,000. Quantbot Technologies LP boosted its stake in shares of Tahoe Resources by 181.9% in the first quarter. Quantbot Technologies LP now owns 14,874 shares of the basic materials company’s stock valued at $119,000 after buying an additional 9,598 shares during the last quarter. Karp Capital Management Corp purchased a new stake in shares of Tahoe Resources during the first quarter valued at approximately $143,000. Finally, Riverhead Capital Management LLC purchased a new stake in shares of Tahoe Resources during the third quarter valued at approximately $151,000. Hedge funds and other institutional investors own 62.18% of the company’s stock.
Tahoe Resources Inc (NYSE:TAHO) traded up 4.30% during trading on Friday, reaching $9.47. The company’s stock had a trading volume of 4,179,776 shares. The company has a 50 day moving average price of $8.61 and a 200-day moving average price of $8.98. Tahoe Resources Inc has a 52 week low of $7.12 and a 52 week high of $17.01. The company has a market capitalization of $2.96 billion, a PE ratio of 19.02 and a beta of 0.47.
The company also recently announced a monthly dividend, which will be paid on Thursday, May 25th. Investors of record on Thursday, May 18th will be issued a $0.02 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date is Tuesday, May 16th. Tahoe Resources’s payout ratio is currently -480.00%.
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Several analysts recently commented on the company. Raymond James Financial, Inc. upgraded Tahoe Resources from an “outperform” rating to a “strong-buy” rating in a research report on Wednesday, April 5th. Zacks Investment Research raised Tahoe Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, March 1st. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Tahoe Resources currently has an average rating of “Buy” and an average target price of $19.00.
About Tahoe Resources
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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