CoreCommodity Management LLC cut its holdings in Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) by 59.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,000 shares of the basic materials company’s stock after selling 72,200 shares during the quarter. CoreCommodity Management LLC’s holdings in Tahoe Resources were worth $178,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Bank of New York Mellon Corp raised its position in Tahoe Resources by 9.5% in the fourth quarter. Bank of New York Mellon Corp now owns 17,274,473 shares of the basic materials company’s stock worth $63,052,000 after acquiring an additional 1,494,764 shares in the last quarter. BlackRock Inc. raised its holdings in Tahoe Resources by 4.6% during the 4th quarter. BlackRock Inc. now owns 15,541,198 shares of the basic materials company’s stock worth $56,725,000 after buying an additional 681,256 shares during the period. Frontier Capital Management Co. LLC raised its holdings in Tahoe Resources by 3.3% during the 4th quarter. Frontier Capital Management Co. LLC now owns 14,557,516 shares of the basic materials company’s stock worth $53,135,000 after buying an additional 466,792 shares during the period. Vanguard Group Inc raised its holdings in Tahoe Resources by 2.8% during the 3rd quarter. Vanguard Group Inc now owns 8,361,811 shares of the basic materials company’s stock worth $23,329,000 after buying an additional 226,765 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Tahoe Resources by 2.8% during the 3rd quarter. Vanguard Group Inc. now owns 8,361,811 shares of the basic materials company’s stock worth $23,329,000 after buying an additional 226,765 shares during the period. Hedge funds and other institutional investors own 68.60% of the company’s stock.

NYSE TAHO opened at $3.64 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.74 and a current ratio of 1.82. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 13.48, a P/E/G ratio of 3.88 and a beta of 0.41. Tahoe Resources Inc has a 1 year low of $2.17 and a 1 year high of $5.63.

TAHO has been the topic of several recent analyst reports. BMO Capital Markets downgraded Tahoe Resources from an “outperform” rating to a “market perform” rating and set a $5.00 price objective on the stock. in a report on Thursday, December 20th. ValuEngine upgraded Tahoe Resources from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Four research analysts have rated the stock with a hold rating and two 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 $5.00.

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About Tahoe Resources

Tahoe Resources Inc, together with its subsidiaries, acquires, explores for, develops, and operates mineral properties in the Americas. It explores for silver, gold, lead, zinc, and copper deposits, as well as precious metals assets. The company holds interest in the La Arena gold mine located in the Huamachuco district of northern Peru; Shahuindo mine located in the province of Cajabamba in northern Peru; and La Arena II, a copper-gold porphyry deposit located in Peru.

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Institutional Ownership by Quarter for Tahoe Resources (NYSE:TAHO)

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