Tahoe Resources, Inc. (TAHO) Holdings Trimmed by First Trust Advisors LP

First Trust Advisors LP trimmed its holdings in Tahoe Resources, Inc. (NYSE:TAHO) (TSE:THO) by 12.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,039,957 shares of the basic materials company’s stock after selling 151,514 shares during the quarter. First Trust Advisors LP owned approximately 0.33% of Tahoe Resources worth $5,481,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of TAHO. Van ECK Associates Corp boosted its position in shares of Tahoe Resources by 43.8% during the 2nd quarter. Van ECK Associates Corp now owns 32,498,949 shares of the basic materials company’s stock valued at $280,141,000 after acquiring an additional 9,901,125 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Tahoe Resources by 144.8% during the 2nd quarter. Franklin Resources Inc. now owns 32,245,663 shares of the basic materials company’s stock valued at $278,086,000 after acquiring an additional 19,075,308 shares during the last quarter. First Eagle Investment Management LLC boosted its position in shares of Tahoe Resources by 7.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 6,727,169 shares of the basic materials company’s stock valued at $58,014,000 after acquiring an additional 475,000 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Tahoe Resources by 5.8% during the 2nd quarter. Vanguard Group Inc. now owns 6,535,633 shares of the basic materials company’s stock valued at $56,338,000 after acquiring an additional 355,413 shares during the last quarter. Finally, TD Asset Management Inc. boosted its position in shares of Tahoe Resources by 11.1% during the 2nd quarter. TD Asset Management Inc. now owns 4,880,436 shares of the basic materials company’s stock valued at $42,014,000 after acquiring an additional 486,534 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

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Shares of Tahoe Resources, Inc. (TAHO) opened at $4.39 on Thursday. The stock has a market capitalization of $1,373.09, a price-to-earnings ratio of 11.26, a P/E/G ratio of 2.68 and a beta of 0.42. Tahoe Resources, Inc. has a 52-week low of $4.24 and a 52-week high of $11.43.

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

A number of research firms have recently commented on TAHO. BMO Capital Markets upgraded Tahoe Resources from a “market perform” rating to an “outperform” rating in a research report on Monday, September 11th. National Bank Financial reiterated a “sec perform spec market wgt” rating on shares of Tahoe Resources in a research report on Sunday, July 23rd. BidaskClub downgraded Tahoe Resources from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 18th. ValuEngine downgraded Tahoe Resources from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Credit Suisse Group upgraded Tahoe Resources from a “neutral” rating to an “outperform” rating in a research report on Monday, September 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Tahoe Resources presently has an average rating of “Hold” and a consensus target price of $15.00.

Tahoe Resources Profile

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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