Lingohr & Partner Asset Management GmbH lifted its holdings in Tahoe Resources, Inc. (NYSE:TAHO) (TSE:THO) by 18.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 502,998 shares of the basic materials company’s stock after purchasing an additional 80,100 shares during the period. Tahoe Resources accounts for approximately 1.2% of Lingohr & Partner Asset Management GmbH’s portfolio, making the stock its 15th biggest holding. Lingohr & Partner Asset Management GmbH owned 0.16% of Tahoe Resources worth $2,418,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. High Pointe Capital Management LLC bought a new position in shares of Tahoe Resources in the second quarter worth about $106,000. Blair William & Co. IL increased its stake in shares of Tahoe Resources by 46.1% in the second quarter. Blair William & Co. IL now owns 19,875 shares of the basic materials company’s stock worth $171,000 after purchasing an additional 6,275 shares during the period. Fore Research & Management LP bought a new position in shares of Tahoe Resources in the second quarter worth about $172,000. Aperio Group LLC increased its stake in shares of Tahoe Resources by 58.5% in the third quarter. Aperio Group LLC now owns 32,795 shares of the basic materials company’s stock worth $173,000 after purchasing an additional 12,109 shares during the period. Finally, M&T Bank Corp increased its stake in shares of Tahoe Resources by 77.0% in the second quarter. M&T Bank Corp now owns 21,194 shares of the basic materials company’s stock worth $184,000 after purchasing an additional 9,217 shares during the period. Institutional investors and hedge funds own 70.28% of the company’s stock.
A number of equities analysts have recently commented on TAHO shares. BMO Capital Markets upgraded Tahoe Resources from a “market perform” rating to an “outperform” rating in a research note on Monday, September 11th. Credit Suisse Group upgraded Tahoe Resources from a “neutral” 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. ValuEngine lowered Tahoe Resources from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, National Bank Financial restated a “sec perform spec market wgt” rating on shares of Tahoe Resources in a research note on Sunday, July 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $15.00.
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Shares of Tahoe Resources, Inc. (NYSE TAHO) traded up $0.03 on Friday, reaching $4.37. The company had a trading volume of 1,651,300 shares, compared to its average volume of 2,188,644. Tahoe Resources, Inc. has a 1 year low of $4.24 and a 1 year high of $11.43. The company has a market capitalization of $1,366.83, a price-to-earnings ratio of 11.21, a price-to-earnings-growth ratio of 2.71 and a beta of 0.42.
Tahoe Resources (NYSE:TAHO) (TSE:THO) last issued its quarterly earnings results on Monday, November 6th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Tahoe Resources had a net margin of 12.44% and a return on equity of 4.57%. The firm had revenue of $155.20 million for the quarter, compared to the consensus estimate of $127.12 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The company’s revenue was down 33.9% on a year-over-year basis. equities analysts expect that Tahoe Resources, Inc. will post 0.32 earnings per share for the current year.
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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