Commerzbank Aktiengesellschaft FI boosted its position in Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) by 221.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 386,615 shares of the basic materials company’s stock after purchasing an additional 266,428 shares during the period. Commerzbank Aktiengesellschaft FI owned about 0.12% of Tahoe Resources worth $2,037,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. High Pointe Capital Management LLC purchased a new position in Tahoe Resources during the second quarter worth $106,000. Blair William & Co. IL increased its position in Tahoe Resources by 46.1% during the second quarter. Blair William & Co. IL now owns 19,875 shares of the basic materials company’s stock worth $171,000 after buying an additional 6,275 shares in the last quarter. Fore Research & Management LP purchased a new position in Tahoe Resources during the second quarter worth $172,000. Aperio Group LLC increased its position in Tahoe Resources by 58.5% during the third quarter. Aperio Group LLC now owns 32,795 shares of the basic materials company’s stock worth $173,000 after buying an additional 12,109 shares in the last quarter. Finally, M&T Bank Corp increased its position in Tahoe Resources by 77.0% during the second quarter. M&T Bank Corp now owns 21,194 shares of the basic materials company’s stock worth $184,000 after buying an additional 9,217 shares in the last quarter. 64.44% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on the company. ValuEngine downgraded Tahoe Resources from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub downgraded Tahoe Resources from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 18th. Credit Suisse Group raised Tahoe Resources from a “neutral” rating to an “outperform” rating in a research report on Monday, September 11th. Finally, BMO Capital Markets raised Tahoe Resources from a “market perform” rating to an “outperform” rating in a research report on Monday, September 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Tahoe Resources has an average rating of “Hold” and a consensus price target of $15.00.
Tahoe Resources (NYSE:TAHO) (TSE:THO) last announced its quarterly earnings data on Monday, November 6th. The basic materials company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). The business had revenue of $155.20 million during the quarter, compared to analysts’ expectations of $127.12 million. Tahoe Resources had a net margin of 12.44% and a return on equity of 4.57%. Tahoe Resources’s revenue for the quarter was down 33.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 EPS. equities research analysts anticipate that Tahoe Resources Inc will post 0.33 earnings per share for the current year.
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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