Invictus RG bought a new position in shares of Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 44,429 shares of the basic materials company’s stock, valued at approximately $213,000.
Several other large investors also recently modified their holdings of the company. First Eagle Investment Management LLC increased its position in shares of Tahoe Resources by 11.7% during the third quarter. First Eagle Investment Management LLC now owns 7,516,667 shares of the basic materials company’s stock worth $39,540,000 after acquiring an additional 789,498 shares during the period. BlackRock Inc. increased its position in shares of Tahoe Resources by 1.1% during the fourth quarter. BlackRock Inc. now owns 6,646,196 shares of the basic materials company’s stock worth $31,835,000 after acquiring an additional 71,070 shares during the period. Global X Management Co. LLC increased its position in shares of Tahoe Resources by 86.0% during the fourth quarter. Global X Management Co. LLC now owns 4,305,069 shares of the basic materials company’s stock worth $20,719,000 after acquiring an additional 1,990,621 shares during the period. Schroder Investment Management Group increased its position in shares of Tahoe Resources by 34.6% during the fourth quarter. Schroder Investment Management Group now owns 4,267,144 shares of the basic materials company’s stock worth $25,730,000 after acquiring an additional 1,097,100 shares during the period. Finally, Greywolf Capital Management LP increased its position in shares of Tahoe Resources by 83.5% during the fourth quarter. Greywolf Capital Management LP now owns 4,000,000 shares of the basic materials company’s stock worth $19,160,000 after acquiring an additional 1,820,000 shares during the period. 62.98% of the stock is currently owned by institutional investors and hedge funds.
TAHO has been the topic of a number of research reports. Credit Suisse Group lowered shares of Tahoe Resources from an “outperform” rating to a “neutral” rating in a research report on Friday, January 26th. ValuEngine lowered shares of Tahoe Resources from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Finally, Zacks Investment Research lowered shares of Tahoe Resources from a “hold” rating to a “sell” rating in a report on Thursday, January 25th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold”.
Shares of Tahoe Resources Inc (NYSE TAHO) traded up $0.10 during mid-day trading on Friday, reaching $4.79. 8,827,413 shares of the company traded hands, compared to its average volume of 3,099,351. The stock has a market capitalization of $1,466.92, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 3.47 and a beta of 0.25. Tahoe Resources Inc has a 12 month low of $3.76 and a 12 month high of $9.68.
Tahoe Resources (NYSE:TAHO) (TSE:THO) last issued its quarterly earnings data on Thursday, February 22nd. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.04). The business had revenue of $117.70 million for the quarter, compared to analysts’ expectations of $129.88 million. Tahoe Resources had a net margin of 11.15% and a return on equity of 3.18%. The business’s quarterly revenue was down 37.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 earnings per share. equities research analysts forecast that Tahoe Resources Inc will post 0.27 EPS for the current fiscal year.
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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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