Schroder Investment Management Group increased its position in shares of Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) by 868.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,170,044 shares of the basic materials company’s stock after buying an additional 2,842,653 shares during the quarter. Schroder Investment Management Group owned about 1.01% of Tahoe Resources worth $20,352,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Prudential Financial Inc. raised its position in Tahoe Resources by 11,751.8% in the second quarter. Prudential Financial Inc. now owns 1,599,998 shares of the basic materials company’s stock valued at $13,792,000 after purchasing an additional 1,586,498 shares during the period. JPMorgan Chase & Co. raised its position in Tahoe Resources by 79.6% in the second quarter. JPMorgan Chase & Co. now owns 271,994 shares of the basic materials company’s stock valued at $2,345,000 after purchasing an additional 120,535 shares during the period. Cadence Capital Management LLC raised its position in Tahoe Resources by 27.6% in the second quarter. Cadence Capital Management LLC now owns 61,483 shares of the basic materials company’s stock valued at $530,000 after purchasing an additional 13,282 shares during the period. Russell Investments Group Ltd. raised its position in Tahoe Resources by 9.0% in the second quarter. Russell Investments Group Ltd. now owns 251,871 shares of the basic materials company’s stock valued at $2,164,000 after purchasing an additional 20,848 shares during the period. Finally, Lingohr & Partner Asset Management GmbH raised its position in Tahoe Resources by 18.9% in the third quarter. Lingohr & Partner Asset Management GmbH now owns 502,998 shares of the basic materials company’s stock valued at $2,418,000 after purchasing an additional 80,100 shares during the period. 64.44% of the stock is currently owned by hedge funds and other institutional investors.

Tahoe Resources Inc (NYSE:TAHO) traded down $0.07 during trading hours on Tuesday, hitting $4.41. 981,600 shares of the company’s stock traded hands, compared to its average volume of 3,025,137. The firm has a market capitalization of $1,401.24, a P/E ratio of 11.49, a price-to-earnings-growth ratio of 2.72 and a beta of 0.38. Tahoe Resources Inc has a fifty-two week low of $4.24 and a fifty-two week high of $11.43.

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

TAHO has been the subject of several research reports. ValuEngine downgraded shares of Tahoe Resources from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BMO Capital Markets upgraded shares of Tahoe Resources from a “market perform” rating to an “outperform” rating in a research note on Monday, September 11th. BidaskClub downgraded shares of Tahoe Resources from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 18th. Finally, Credit Suisse Group upgraded 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 given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $15.00.

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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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