Macquarie Group Ltd. Takes $631,000 Position in Tahoe Resources Inc (TAHO)

Macquarie Group Ltd. purchased a new stake in shares of Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 119,772 shares of the basic materials company’s stock, valued at approximately $631,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Alps Advisors Inc. lifted its position in shares of Tahoe Resources by 0.3% during the second quarter. Alps Advisors Inc. now owns 66,787 shares of the basic materials company’s stock valued at $576,000 after purchasing an additional 173 shares in the last quarter. State of Wisconsin Investment Board lifted its position in shares of Tahoe Resources by 2.4% during the second quarter. State of Wisconsin Investment Board now owns 61,493 shares of the basic materials company’s stock valued at $530,000 after purchasing an additional 1,430 shares in the last quarter. Utah Retirement Systems lifted its position in shares of Tahoe Resources by 3.1% during the second quarter. Utah Retirement Systems now owns 56,500 shares of the basic materials company’s stock valued at $487,000 after purchasing an additional 1,700 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Tahoe Resources by 7.1% during the second quarter. Ameriprise Financial Inc. now owns 37,604 shares of the basic materials company’s stock valued at $321,000 after purchasing an additional 2,480 shares in the last quarter. Finally, Aperio Group LLC lifted its position in shares of Tahoe Resources by 16.4% during the second quarter. Aperio Group LLC now owns 20,686 shares of the basic materials company’s stock valued at $178,000 after purchasing an additional 2,916 shares in the last quarter. 64.44% of the stock is currently owned by institutional investors.

Shares of Tahoe Resources Inc (NYSE:TAHO) traded up $0.20 during mid-day trading on Wednesday, reaching $4.51. 1,656,105 shares of the company’s stock traded hands, compared to its average volume of 3,009,395. Tahoe Resources Inc has a twelve month low of $4.15 and a twelve month high of $11.43. The company has a market capitalization of $1,350.00, a price-to-earnings ratio of 11.23, a price-to-earnings-growth ratio of 2.65 and a beta of 0.38.

Tahoe Resources (NYSE:TAHO) (TSE:THO) last posted its quarterly earnings results on Monday, November 6th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Tahoe Resources had a net margin of 12.44% and a return on equity of 4.57%. The business had revenue of $155.20 million during the quarter, compared to the consensus estimate of $127.12 million. During the same period last year, the firm earned $0.21 EPS. The business’s revenue for the quarter was down 33.9% on a year-over-year basis. analysts forecast that Tahoe Resources Inc will post 0.33 earnings per share for the current year.

Several analysts have commented on TAHO shares. BMO Capital Markets raised shares of Tahoe Resources from a “market perform” rating to an “outperform” rating in a research report on Monday, September 11th. Credit Suisse Group raised shares of Tahoe Resources from a “neutral” rating to an “outperform” rating in a research report on Monday, September 11th. BidaskClub lowered shares of Tahoe Resources from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 18th. Finally, ValuEngine lowered shares of Tahoe Resources from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $11.00.

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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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