Sprott INC Has Increased Its Stake in Tahoe Res INC (TAHO) by $7.38 Million

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 1.23M 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 $17.67 million, up from 1.65M 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 $1.13 billion 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 $3.27 billion and $488.26 million US Long portfolio, decreased its stake in Mag Silver Corp (NYSEMKT:MVG) by 594,468 shares to 636,512 shares, valued at $8.22 million in 2018Q2, according to the filing. It also reduced its holding in B2gold Corp (NYSEMKT:BTG) by 1.82M shares in the quarter, leaving it with 2.17M shares, and cut its stake in Pan American Silver Corp (NASDAQ:PAAS).

More notable recent Tahoe Resources Inc. (NYSE:TAHO) news were published by: Fool.com which released: “Here’s Why These Mining Stocks Slipped in October – Motley Fool” on November 13, 2018, also Seekingalpha.com with their article: “Microcaps tops list of midday movers – Seeking Alpha” published on November 14, 2018, Fool.com published: “Why This Struggling Silver Stock Rocketed 51% in November – Motley Fool” on December 05, 2018. More interesting news about Tahoe Resources Inc. (NYSE:TAHO) were released by: Businesswire.com and their article: “Tahoe Resources Mails and Files Meeting Materials in Connection with the Proposed Plan of Arrangement to Create the World’s Premier Silver Mining Company – Business Wire” published on December 06, 2018 as well as Schaeffersresearch.com‘s news article titled: “Downgraded Apple Drags Dow Into the Red – Schaeffers Research” with publication date: November 14, 2018.

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