Sprott INC Has Raised Its Position in Tahoe Res INC (TAHO) as Stock Price Declined

Sprott Inc increased its stake in Tahoe Res Inc (TAHO) by 74.72% based on its latest 2018Q2 regulatory filing with the SEC. Sprott Inc bought 1.23 million shares as the company’s stock declined 44.92% while stock markets rallied. The hedge fund held 2.87M shares of the basic industries company at the end of 2018Q2, valued at $17.67M, up from 1.65 million at the end of the previous reported quarter. Sprott Inc who had been investing in Tahoe Res Inc for a number of months, seems to be bullish on the $1.13B market cap company. The stock increased 0.56% or $0.02 during the last trading session, reaching $3.57. About 2.52 million shares traded. Tahoe Resources Inc. (NYSE:TAHO) has declined 54.37% since December 8, 2017 and is downtrending. It has underperformed by 69.99% the S&P500.

Sprott Inc, which manages about $3.27B and $488.26M US Long portfolio, decreased its stake in Goldcorp Inc New (NYSE:GG) by 241,509 shares to 298,455 shares, valued at $4.90 million in 2018Q2, according to the filing. It also reduced its holding in Pan American Silver Corp (NASDAQ:PAAS) by 155,200 shares in the quarter, leaving it with 888,958 shares, and cut its stake in Vaneck Vectors Etf Tr.

More notable recent Tahoe Resources Inc. (NYSE:TAHO) news were published by: Schaeffersresearch.com which released: “Downgraded Apple Drags Dow Into the Red – Schaeffers Research” on November 14, 2018, also Nasdaq.com with their article: “Mid-Morning Market Update: Markets Open Higher; Macy’s Earnings Top Estimates – Nasdaq” published on November 14, 2018, Seekingalpha.com published: “Microcaps tops list of midday movers – Seeking Alpha” on November 14, 2018. More interesting news about Tahoe Resources Inc. (NYSE:TAHO) were released by: Fool.com and their article: “Why Penn National Gaming, Canada Goose Holdings, and Tahoe Resources Jumped Today – The Motley Fool” published on November 14, 2018 as well as Fool.com‘s news article titled: “Why This Struggling Silver Stock Rocketed 51% in November – Motley Fool” with publication date: December 05, 2018.

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