OxFORD Asset Management LLP Buys New Stake in Tahoe Resources Inc (NYSE:TAHO)

OxFORD Asset Management LLP acquired a new position in shares of Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 218,694 shares of the basic materials company’s stock, valued at approximately $1,128,000. OxFORD Asset Management LLP owned approximately 0.07% of Tahoe Resources as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TAHO. Franklin Resources Inc. grew its position in shares of Tahoe Resources by 144.8% in the 2nd quarter. Franklin Resources Inc. now owns 32,245,663 shares of the basic materials company’s stock valued at $278,086,000 after acquiring an additional 19,075,308 shares during the period. Van ECK Associates Corp lifted its stake in shares of Tahoe Resources by 43.8% during the 2nd quarter. Van ECK Associates Corp now owns 32,498,949 shares of the basic materials company’s stock worth $280,141,000 after buying an additional 9,901,125 shares during the last quarter. Schroder Investment Management Group lifted its stake in shares of Tahoe Resources by 868.3% during the 3rd quarter. Schroder Investment Management Group now owns 3,170,044 shares of the basic materials company’s stock worth $20,352,000 after buying an additional 2,842,653 shares during the last quarter. Investec Asset Management LTD acquired a new stake in shares of Tahoe Resources during the 2nd quarter worth about $21,309,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of Tahoe Resources by 782.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,223,130 shares of the basic materials company’s stock worth $11,672,000 after buying an additional 1,971,259 shares during the last quarter. 64.41% of the stock is owned by institutional investors.

Separately, BidaskClub cut shares of Tahoe Resources from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Tahoe Resources presently has a consensus rating of “Hold”.

Shares of Tahoe Resources Inc (NYSE TAHO) traded up $0.09 during trading on Friday, hitting $4.93. 3,151,303 shares of the company traded hands, compared to its average volume of 2,440,000. The company has a market cap of $1,510.00, a price-to-earnings ratio of 15.90, a PEG ratio of 2.19 and a beta of 0.38. Tahoe Resources Inc has a 12 month low of $4.15 and a 12 month high of $9.68.

Tahoe Resources (NYSE:TAHO) (TSE:THO) last posted its 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 return on equity of 4.57% and a net margin of 12.44%. The business had revenue of $155.20 million for the quarter, compared to the consensus estimate of $127.12 million. During the same period in the previous year, the firm earned $0.21 earnings per share. The company’s revenue was down 33.9% compared to the same quarter last year. analysts expect that Tahoe Resources Inc will post 0.33 EPS 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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