SG Americas Securities LLC increased its position in shares of Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) by 214.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,253 shares of the basic materials company’s stock after acquiring an additional 23,368 shares during the period. SG Americas Securities LLC’s holdings in Tahoe Resources were worth $164,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue bought a new position in Tahoe Resources in the 4th quarter worth approximately $132,000. Aperio Group LLC grew its holdings in shares of Tahoe Resources by 58.5% during the 3rd 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. U S Global Investors Inc. grew its holdings in shares of Tahoe Resources by 354.3% during the 3rd 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. Cubist Systematic Strategies LLC acquired a new stake in shares of Tahoe Resources during the 3rd quarter worth approximately $196,000. Finally, Ameriprise Financial Inc. grew its holdings in shares of Tahoe Resources by 7.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 37,604 shares of the basic materials company’s stock worth $321,000 after purchasing an additional 2,480 shares in the last quarter. 62.98% of the stock is currently owned by hedge funds and other institutional investors.
Tahoe Resources Inc (NYSE:TAHO) traded down $0.07 during mid-day trading on Wednesday, hitting $4.72. The stock had a trading volume of 823,191 shares, compared to its average volume of 3,169,036. Tahoe Resources Inc has a 52 week low of $3.76 and a 52 week high of $9.68. The firm has a market capitalization of $1,500.00, a PE ratio of 18.42, a P/E/G ratio of 3.52 and a beta of 0.25.
Tahoe Resources (NYSE:TAHO) (TSE:THO) last released its quarterly earnings data on Thursday, February 22nd. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.04). The business had revenue of $117.70 million during the quarter, compared to the consensus estimate of $129.88 million. Tahoe Resources had a net margin of 11.15% and a return on equity of 3.18%. Tahoe Resources’s quarterly revenue was down 37.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 EPS. equities analysts predict that Tahoe Resources Inc will post 0.27 EPS for the current year.
TAHO has been the topic of several recent analyst reports. Zacks Investment Research lowered Tahoe Resources from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th. Credit Suisse Group downgraded Tahoe Resources from an “outperform” rating to a “neutral” rating in a research report on Friday, January 26th. Finally, ValuEngine downgraded Tahoe Resources from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Three analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold”.
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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.
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