Northern Trust Corp Acquires 2,217,146 Shares of Tahoe Resources Inc (TAHO)

Northern Trust Corp lifted its holdings in Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) by 335.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,878,817 shares of the basic materials company’s stock after purchasing an additional 2,217,146 shares during the quarter. Northern Trust Corp’s holdings in Tahoe Resources were worth $14,163,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of TAHO. BlackRock Inc. grew its holdings in shares of Tahoe Resources by 119.6% in the second quarter. BlackRock Inc. now owns 14,689,974 shares of the basic materials company’s stock valued at $72,275,000 after purchasing an additional 8,000,137 shares in the last quarter. Frontier Capital Management Co. LLC grew its holdings in shares of Tahoe Resources by 45.0% in the second quarter. Frontier Capital Management Co. LLC now owns 6,459,845 shares of the basic materials company’s stock valued at $31,782,000 after purchasing an additional 2,005,905 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Tahoe Resources in the first quarter valued at $6,797,000. Van ECK Associates Corp grew its holdings in shares of Tahoe Resources by 3.8% in the second quarter. Van ECK Associates Corp now owns 38,368,472 shares of the basic materials company’s stock valued at $188,773,000 after purchasing an additional 1,404,996 shares in the last quarter. Finally, OppenheimerFunds Inc. boosted its stake in Tahoe Resources by 159.7% during the second quarter. OppenheimerFunds Inc. now owns 1,845,100 shares of the basic materials company’s stock worth $9,078,000 after buying an additional 1,134,522 shares during the period. 64.00% of the stock is owned by hedge funds and other institutional investors.

NYSE TAHO opened at $2.48 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 1.97 and a debt-to-equity ratio of 0.03. The firm has a market cap of $789.55 million, a price-to-earnings ratio of 9.19 and a beta of 0.32. Tahoe Resources Inc has a 52 week low of $2.35 and a 52 week high of $5.63.

Several research firms have commented on TAHO. Zacks Investment Research lowered shares of Tahoe Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 10th. Beacon Securities lowered shares of Tahoe Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Finally, BMO Capital Markets dropped their price objective on shares of Tahoe Resources from $8.50 to $7.50 and set an “outperform” rating for the company in a research note on Monday, September 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $7.50.

TRADEMARK VIOLATION WARNING: This story was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another site, it was illegally copied and reposted in violation of international copyright laws. The original version of this story can be viewed at https://www.dispatchtribunal.com/2018/11/06/northern-trust-corp-acquires-2217146-shares-of-tahoe-resources-inc-taho.html.

Tahoe Resources Profile

Tahoe Resources Inc, together with its subsidiaries, acquires, explores for, develops, and operates mineral properties in the Americas. It explores for silver, gold, lead, zinc, and copper deposits, as well as precious metals assets. The company holds interest in the La Arena gold mine located in the Huamachuco district of northern Peru; Shahuindo mine located in the province of Cajabamba in northern Peru; and La Arena II, a copper-gold porphyry deposit located in Peru.

See Also: Fundamental Analysis

Want to see what other hedge funds are holding TAHO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tahoe Resources Inc (NYSE:TAHO) (TSE:THO).

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

Receive News & Ratings for Tahoe Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tahoe Resources and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply