Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) shares hit a new 52-week low on Thursday . The company traded as low as $3.72 and last traded at $3.71, with a volume of 6262870 shares changing hands. The stock had previously closed at $3.89.

A number of research analysts recently weighed in on TAHO shares. TheStreet downgraded Tahoe Resources from a “c” rating to a “d+” rating in a research note on Tuesday, May 22nd. Zacks Investment Research downgraded Tahoe Resources from a “hold” rating to a “sell” rating in a research report on Thursday, April 26th. Finally, ValuEngine raised Tahoe Resources from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 16th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold”.

The company has a debt-to-equity ratio of 0.03, a current ratio of 1.97 and a quick ratio of 0.95. The stock has a market capitalization of $1.36 billion, a P/E ratio of 14.00 and a beta of 0.11.

Tahoe Resources (NYSE:TAHO) (TSE:THO) last issued its quarterly earnings results on Wednesday, August 1st. The basic materials company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ 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 business’s quarterly revenue was down 39.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 earnings per share. equities analysts predict that Tahoe Resources Inc will post -0.05 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Private Advisor Group LLC bought a new position in Tahoe Resources in the 1st quarter worth approximately $101,000. BNP Paribas Arbitrage SA increased its position in Tahoe Resources by 117,368.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 22,319 shares of the basic materials company’s stock worth $105,000 after buying an additional 22,300 shares during the period. Advisors Preferred LLC increased its position in Tahoe Resources by 350.5% in the 1st quarter. Advisors Preferred LLC now owns 30,347 shares of the basic materials company’s stock worth $142,000 after buying an additional 23,610 shares during the period. Nisa Investment Advisors LLC bought a new stake in shares of Tahoe Resources during the second quarter valued at approximately $148,000. Finally, Renaissance Technologies LLC increased its position in shares of Tahoe Resources by 68.2% during the fourth quarter. Renaissance Technologies LLC now owns 46,900 shares of the basic materials company’s stock valued at $226,000 after purchasing an additional 19,023 shares during the period. 62.20% of the stock is currently owned by institutional investors.

Tahoe Resources Company Profile (NYSE:TAHO)

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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