Ameriprise Financial Inc. Grows Holdings in Tahoe Resources, Inc. (TAHO)
Ameriprise Financial Inc. grew its stake in Tahoe Resources, Inc. (NYSE:TAHO) (TSE:THO) by 7.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,604 shares of the basic materials company’s stock after buying an additional 2,480 shares during the period. Ameriprise Financial Inc.’s holdings in Tahoe Resources were worth $321,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in TAHO. High Pointe Capital Management LLC purchased a new position in Tahoe Resources in the 2nd quarter worth approximately $106,000. Blair William & Co. IL grew its stake in Tahoe Resources by 46.1% in the 2nd 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. Aperio Group LLC grew its stake in Tahoe Resources by 16.4% in the 2nd quarter. Aperio Group LLC now owns 20,686 shares of the basic materials company’s stock worth $178,000 after buying an additional 2,916 shares in the last quarter. Tudor Investment Corp ET AL grew its stake in Tahoe Resources by 53.2% in the 1st quarter. Tudor Investment Corp ET AL now owns 40,756 shares of the basic materials company’s stock worth $327,000 after buying an additional 14,156 shares in the last quarter. Finally, Parkwood LLC grew its stake in Tahoe Resources by 85.5% in the 2nd quarter. Parkwood LLC now owns 39,502 shares of the basic materials company’s stock worth $341,000 after buying an additional 18,212 shares in the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on TAHO. BMO Capital Markets raised shares of Tahoe Resources from a “market perform” rating to an “outperform” rating in a research note on Monday, September 11th. National Bank Financial reaffirmed a “sec perform spec market wgt” rating on shares of Tahoe Resources in a research note on Sunday, July 23rd. BidaskClub cut shares of Tahoe Resources from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 18th. ValuEngine cut shares of Tahoe Resources from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Credit Suisse Group raised shares of Tahoe Resources from a “neutral” rating to an “outperform” rating in a research note on Monday, September 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Tahoe Resources has an average rating of “Hold” and an average price target of $15.00.
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Shares of Tahoe Resources, Inc. (NYSE TAHO) opened at $4.39 on Thursday. Tahoe Resources, Inc. has a 1-year low of $4.24 and a 1-year high of $11.43. The company has a market cap of $1,373.09, a price-to-earnings ratio of 11.26, a P/E/G ratio of 2.68 and a beta of 0.42.
Tahoe Resources (NYSE:TAHO) (TSE:THO) last posted its quarterly earnings results 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). Tahoe Resources had a net margin of 12.44% and a return on equity of 4.57%. The firm had revenue of $155.20 million for the quarter, compared to the consensus estimate of $127.12 million. During the same quarter in the prior year, the company earned $0.21 earnings per share. The company’s quarterly revenue was down 33.9% compared to the same quarter last year. equities analysts expect that Tahoe Resources, Inc. will post 0.33 EPS 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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