Laurion Capital Management LP Has $162,000 Stake in Tahoe Resources, Inc. (TAHO)

Laurion Capital Management LP boosted its stake in Tahoe Resources, Inc. (NYSE:TAHO) by 18.8% during the first quarter, Holdings Channel reports. The fund owned 20,200 shares of the basic materials company’s stock after buying an additional 3,200 shares during the period. Laurion Capital Management LP’s holdings in Tahoe Resources were worth $162,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd acquired a new position in Tahoe Resources during the fourth quarter valued at about $106,000. Quantbot Technologies LP raised its position in 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 period. Karp Capital Management Corp acquired a new position in Tahoe Resources during the first quarter valued at about $143,000. Highbridge Capital Management LLC acquired a new position in Tahoe Resources during the fourth quarter valued at about $170,000. Finally, SG Americas Securities LLC raised its position in Tahoe Resources by 76.8% in the first quarter. SG Americas Securities LLC now owns 21,175 shares of the basic materials company’s stock valued at $170,000 after buying an additional 9,195 shares during the period. 64.17% of the stock is currently owned by hedge funds and other institutional investors.

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

Tahoe Resources, Inc. (TAHO) traded down 0.61% during trading on Tuesday, reaching $8.15. 459,391 shares of the company’s stock traded hands. Tahoe Resources, Inc. has a 12 month low of $7.12 and a 12 month high of $17.01. The firm’s 50 day moving average is $8.89 and its 200 day moving average is $8.78. The company has a market cap of $2.55 billion, a P/E ratio of 16.37 and a beta of 0.43.

The company also recently announced a monthly dividend, which will be paid on Thursday, June 29th. Shareholders of record on Thursday, June 22nd will be issued a $0.02 dividend. The ex-dividend date is Tuesday, June 20th. This represents a $0.24 annualized dividend and a yield of 2.92%. Tahoe Resources’s dividend payout ratio (DPR) is presently 48.98%.

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TAHO has been the topic of several recent research reports. Raymond James Financial, Inc. upgraded shares of Tahoe Resources from an “outperform” rating to a “strong-buy” rating in a research report on Wednesday, April 5th. Zacks Investment Research upgraded shares of Tahoe Resources from a “sell” rating to a “hold” rating in a research report on Friday, May 5th. ValuEngine lowered shares of Tahoe Resources from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub lowered shares of Tahoe Resources from a “hold” rating to a “sell” rating in a research report on Saturday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Tahoe Resources presently 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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