AMP Capital Investors Ltd cut its stake in Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) by 41.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,900 shares of the basic materials company’s stock after selling 46,419 shares during the period. AMP Capital Investors Ltd’s holdings in Tahoe Resources were worth $319,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TAHO. BlackRock Inc. grew its position in shares of Tahoe Resources by 119.6% in the second quarter. BlackRock Inc. now owns 14,689,974 shares of the basic materials company’s stock valued at $72,275,000 after purchasing an additional 8,000,137 shares during the last quarter. Passport Capital LLC acquired a new stake in shares of Tahoe Resources in the first quarter valued at approximately $24,348,000. Frontier Capital Management Co. LLC grew its position in shares of Tahoe Resources by 45.0% in the second quarter. Frontier Capital Management Co. LLC now owns 6,459,845 shares of the basic materials company’s stock valued at $31,782,000 after purchasing an additional 2,005,905 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Tahoe Resources by 5.4% in the first quarter. Van ECK Associates Corp now owns 36,963,476 shares of the basic materials company’s stock valued at $173,359,000 after purchasing an additional 1,889,517 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of Tahoe Resources in the first quarter valued at approximately $6,797,000. 64.62% of the stock is owned by institutional investors.

Several analysts have recently commented on the stock. ValuEngine lowered shares of Tahoe Resources from a “sell” rating to a “strong sell” rating in a research report on Friday, June 22nd. Zacks Investment Research lowered shares of Tahoe Resources from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 13th. BMO Capital Markets lowered their price target on shares of Tahoe Resources from $8.50 to $7.50 and set an “outperform” rating on the stock in a research report on Monday, September 10th. Finally, Beacon Securities lowered shares of Tahoe Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $7.50.

TAHO stock opened at $2.88 on Tuesday. The company has a market capitalization of $896.07 million, a PE ratio of 10.67 and a beta of 0.19. Tahoe Resources Inc has a 12 month low of $2.55 and a 12 month high of $5.86. The company has a current ratio of 1.97, a quick ratio of 0.95 and a debt-to-equity ratio of 0.03.

Tahoe Resources (NYSE:TAHO) (TSE:THO) last announced its earnings results on Wednesday, August 1st. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.02). Tahoe Resources had a negative return on equity of 1.80% and a negative net margin of 9.04%. The firm had revenue of $127.13 million for the quarter, compared to analyst estimates of $129.33 million. During the same quarter last year, the business posted $0.11 EPS. The firm’s revenue was down 39.3% compared to the same quarter last year. equities analysts anticipate that Tahoe Resources Inc will post -0.08 EPS for the current fiscal year.

Tahoe Resources Company Profile

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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