Schroder Investment Management Group trimmed its position in shares of Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) by 8.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 3,771,362 shares of the basic materials company’s stock after selling 333,582 shares during the quarter. Schroder Investment Management Group’s holdings in Tahoe Resources were worth $24,363,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Van ECK Associates Corp grew its holdings in shares of Tahoe Resources by 3.8% during the 2nd quarter. Van ECK Associates Corp now owns 38,368,472 shares of the basic materials company’s stock valued at $188,773,000 after acquiring an additional 1,404,996 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Tahoe Resources by 119.6% during the 2nd quarter. BlackRock Inc. now owns 14,689,974 shares of the basic materials company’s stock valued at $72,275,000 after acquiring an additional 8,000,137 shares in the last quarter. Frontier Capital Management Co. LLC grew its holdings in shares of Tahoe Resources by 45.0% during the 2nd 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 acquiring an additional 2,005,905 shares in the last quarter. Passport Capital LLC purchased a new position in shares of Tahoe Resources during the 1st quarter valued at $24,348,000. Finally, Royal Bank of Canada grew its holdings in shares of Tahoe Resources by 3.9% during the 1st quarter. Royal Bank of Canada now owns 4,653,267 shares of the basic materials company’s stock valued at $21,824,000 after acquiring an additional 172,678 shares in the last quarter. Hedge funds and other institutional investors own 64.62% of the company’s stock.

Several equities analysts have recently commented on TAHO shares. Beacon Securities cut shares of Tahoe Resources from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Zacks Investment Research upgraded shares of Tahoe Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 12th. 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 report on Monday, September 10th. Finally, ValuEngine upgraded shares of Tahoe Resources from a “strong sell” rating to a “sell” rating in a report on Saturday, June 16th. Two 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 stock currently has an average rating of “Hold” and an average target price of $7.50.

Tahoe Resources stock opened at $2.86 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.95 and a current ratio of 1.97. Tahoe Resources Inc has a 12 month low of $2.55 and a 12 month high of $5.86. The firm has a market cap of $896.07 million, a PE ratio of 10.59 and a beta of 0.19.

Tahoe Resources (NYSE:TAHO) (TSE:THO) last issued its quarterly earnings data 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). The business had revenue of $127.13 million during the quarter, compared to the consensus estimate of $129.33 million. Tahoe Resources had a negative return on equity of 1.80% and a negative net margin of 9.04%. The company’s revenue for the quarter was down 39.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.11 earnings per share. equities analysts expect that Tahoe Resources Inc will post -0.08 earnings per share for the current fiscal year.

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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