JPMorgan Chase & Co. lifted its holdings in Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) by 24.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 339,455 shares of the basic materials company’s stock after buying an additional 67,461 shares during the period. JPMorgan Chase & Co.’s holdings in Tahoe Resources were worth $1,752,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of TAHO. State of Wisconsin Investment Board raised its position in shares of Tahoe Resources by 2.4% in the 2nd quarter. State of Wisconsin Investment Board now owns 61,493 shares of the basic materials company’s stock worth $530,000 after acquiring an additional 1,430 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Tahoe Resources by 15.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,035,179 shares of the basic materials company’s stock worth $8,924,000 after acquiring an additional 138,631 shares in the last quarter. Legal & General Group Plc raised its position in shares of Tahoe Resources by 13.7% in the 2nd quarter. Legal & General Group Plc now owns 143,442 shares of the basic materials company’s stock worth $1,235,000 after acquiring an additional 17,243 shares in the last quarter. Blair William & Co. IL raised its position in shares of Tahoe Resources by 46.1% in the 2nd quarter. Blair William & Co. IL now owns 19,875 shares of the basic materials company’s stock worth $171,000 after acquiring an additional 6,275 shares in the last quarter. Finally, Utah Retirement Systems raised its position in shares of Tahoe Resources by 3.1% in the 2nd quarter. Utah Retirement Systems now owns 56,500 shares of the basic materials company’s stock worth $487,000 after acquiring an additional 1,700 shares in the last quarter. 64.41% of the stock is owned by hedge funds and other institutional investors.

TAHO has been the subject of several research analyst reports. Credit Suisse Group raised Tahoe Resources from a “neutral” rating to an “outperform” rating in a research report on Monday, September 11th. BMO Capital Markets raised Tahoe Resources from a “market perform” rating to an “outperform” rating in a research report on Monday, September 11th. Finally, BidaskClub lowered Tahoe Resources from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $11.00.

Shares of Tahoe Resources Inc (NYSE:TAHO) opened at $4.67 on Tuesday. Tahoe Resources Inc has a 12-month low of $4.15 and a 12-month high of $10.08. The company has a market capitalization of $1,540.00, a PE ratio of 15.06, a P/E/G ratio of 2.19 and a beta of 0.38.

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). Tahoe Resources had a net margin of 12.44% and a return on equity of 4.57%. The firm had revenue of $155.20 million during the quarter, compared to the consensus estimate of $127.12 million. During the same period in the previous year, the firm earned $0.21 earnings per share. The business’s quarterly revenue was down 33.9% on a year-over-year basis. equities analysts predict that Tahoe Resources Inc will post 0.33 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This news story was first posted by Daily Political and is owned by of Daily Political. If you are reading this news story on another site, it was illegally stolen and reposted in violation of United States and international copyright laws. The legal version of this news story can be read at https://www.dailypolitical.com/2018/01/09/tahoe-resources-inc-taho-shares-bought-by-jpmorgan-chase-co.html.

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.

Want to see what other hedge funds are holding TAHO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tahoe Resources Inc (NYSE:TAHO) (TSE:THO).

Institutional Ownership by Quarter for Tahoe Resources (NYSE:TAHO)

Receive News & Ratings for Tahoe Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tahoe Resources and related companies with MarketBeat.com's FREE daily email newsletter.