Sentry Investment Management LLC raised its position in Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) by 18.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 633,664 shares of the basic materials company’s stock after buying an additional 98,157 shares during the period. Sentry Investment Management LLC owned 0.20% of Tahoe Resources worth $1,768,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of TAHO. BlackRock Inc. grew its position in shares of Tahoe Resources by 119.6% during the 2nd quarter. BlackRock Inc. now owns 14,689,974 shares of the basic materials company’s stock valued at $72,275,000 after acquiring an additional 8,000,137 shares during the period. Frontier Capital Management Co. LLC grew its position in shares of Tahoe Resources by 118.1% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 14,090,724 shares of the basic materials company’s stock valued at $39,313,000 after acquiring an additional 7,630,879 shares during the period. Northern Trust Corp grew its position in shares of Tahoe Resources by 335.1% during the 2nd quarter. Northern Trust Corp now owns 2,878,817 shares of the basic materials company’s stock valued at $14,163,000 after acquiring an additional 2,217,146 shares during the period. Wells Fargo & Company MN grew its position in shares of Tahoe Resources by 872.0% during the 3rd quarter. Wells Fargo & Company MN now owns 1,701,331 shares of the basic materials company’s stock valued at $4,746,000 after acquiring an additional 1,526,303 shares during the period. Finally, Millennium Management LLC bought a new position in shares of Tahoe Resources during the 1st quarter valued at approximately $6,797,000. Hedge funds and other institutional investors own 64.00% of the company’s stock.
TAHO has been the subject of a number of research reports. Beacon Securities downgraded shares of Tahoe Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. BMO Capital Markets reduced their target price on shares of Tahoe Resources from $8.50 to $7.50 and set an “outperform” rating for the company in a research report on Monday, September 10th. Finally, Zacks Investment Research raised shares of Tahoe Resources from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Tahoe Resources currently has an average rating of “Hold” and an average target price of $7.50.
TAHO opened at $2.31 on Friday. Tahoe Resources Inc has a 12 month low of $2.23 and a 12 month high of $5.63. The company has a current ratio of 1.97, a quick ratio of 0.95 and a debt-to-equity ratio of 0.03.
Tahoe Resources (NYSE:TAHO) (TSE:THO) last released its quarterly earnings data on Tuesday, November 6th. The basic materials company reported ($0.06) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.06). The company had revenue of $111.80 million during the quarter, compared to the consensus estimate of $117.71 million. Tahoe Resources had a negative net margin of 46.41% and a negative return on equity of 2.27%. Tahoe Resources’s revenue for the quarter was down 28.0% on a year-over-year basis. During the same period last year, the firm earned ($0.02) EPS. On average, equities analysts predict that Tahoe Resources Inc will post -0.12 EPS for the current fiscal year.
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About Tahoe Resources
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.
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