Adams Asset Advisors LLC bought a new stake in shares of Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) in the 4th quarter, according to its most recent 13F filing with the Securities & 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 approximately 0.09% of Tahoe Resources at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Virtu Financial LLC acquired a new stake in shares of Tahoe Resources during the third quarter valued at about $139,000. Fore Research & Management LP acquired a new position in Tahoe Resources in the second quarter worth about $172,000. Aperio Group LLC grew its stake in 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 in the last quarter. M&T Bank Corp grew its stake in 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 in the last quarter. Finally, U S Global Investors Inc. grew its stake in Tahoe Resources by 354.3% in the third quarter. U S Global Investors Inc. now owns 36,798 shares of the basic materials company’s stock worth $194,000 after purchasing an additional 28,698 shares in the last quarter. Institutional investors own 64.41% of the company’s stock.
Tahoe Resources Inc (NYSE:TAHO) traded down $0.08 during trading hours on Thursday, reaching $4.64. The company had a trading volume of 2,558,371 shares, compared to its average volume of 2,747,842. The firm has a market capitalization of $1,460.00, a P/E ratio of 14.97, a price-to-earnings-growth ratio of 2.11 and a beta of 0.38. Tahoe Resources Inc has a fifty-two week low of $4.15 and a fifty-two week high of $9.68.
Tahoe Resources (NYSE:TAHO) (TSE:THO) last posted its quarterly earnings results on Monday, November 6th. The basic materials company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). The firm had revenue of $155.20 million during the quarter, compared to analyst estimates of $127.12 million. Tahoe Resources had a return on equity of 4.57% and a net margin of 12.44%. The firm’s revenue for the quarter was down 33.9% on a year-over-year basis. During the same quarter last year, the business posted $0.21 earnings per share. analysts predict that Tahoe Resources Inc will post 0.31 earnings per share for the current year.
Separately, BidaskClub downgraded Tahoe Resources from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold”.
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Tahoe Resources 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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