Adams Asset Advisors LLC Takes $1.42 Million Position in Tahoe Resources Inc (TAHO)

Adams Asset Advisors LLC bought a new stake in Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 295,560 shares of the basic materials company’s stock, valued at approximately $1,415,000. Adams Asset Advisors LLC owned about 0.09% of Tahoe Resources at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp boosted its stake in shares of Tahoe Resources by 43.8% in the second quarter. Van ECK Associates Corp now owns 32,498,949 shares of the basic materials company’s stock valued at $280,141,000 after buying an additional 9,901,125 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Tahoe Resources by 11.7% in the third quarter. First Eagle Investment Management LLC now owns 7,516,667 shares of the basic materials company’s stock valued at $39,540,000 after buying an additional 789,498 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Tahoe Resources by 5.8% in the second quarter. Vanguard Group Inc. now owns 6,535,633 shares of the basic materials company’s stock valued at $56,338,000 after buying an additional 355,413 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Tahoe Resources by 868.3% in the third quarter. Schroder Investment Management Group now owns 3,170,044 shares of the basic materials company’s stock valued at $20,352,000 after buying an additional 2,842,653 shares in the last quarter. Finally, Intact Investment Management Inc. boosted its stake in shares of Tahoe Resources by 82.1% in the third quarter. Intact Investment Management Inc. now owns 3,124,800 shares of the basic materials company’s stock valued at $20,436,000 after buying an additional 1,409,240 shares in the last quarter. Institutional investors own 64.41% of the company’s stock.

Separately, BidaskClub downgraded Tahoe Resources from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold”.

Tahoe Resources Inc (TAHO) traded up $0.19 during trading on Thursday, hitting $4.84. The company had a trading volume of 2,398,551 shares, compared to its average volume of 2,659,156. Tahoe Resources Inc has a 12-month low of $4.15 and a 12-month high of $9.68. The stock has a market capitalization of $1,450.00, a P/E ratio of 15.61, a PEG ratio of 2.19 and a beta of 0.38.

Tahoe Resources (NYSE:TAHO) (TSE:THO) last posted its quarterly earnings results on Monday, November 6th. The basic materials company reported ($0.02) earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $155.20 million during the quarter, compared to analysts’ expectations of $127.12 million. During the same quarter last year, the firm earned $0.21 earnings per share. The firm’s quarterly revenue was down 33.9% compared to the same quarter last year. research analysts predict that Tahoe Resources Inc will post 0.33 earnings per share for the current fiscal year.

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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.

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

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