Alps Advisors Inc. Boosts Holdings in Tahoe Resources Inc (TAHO)
Alps Advisors Inc. raised its stake in Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) by 1,689.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,362,434 shares of the basic materials company’s stock after acquiring an additional 1,286,301 shares during the quarter. Alps Advisors Inc.’s holdings in Tahoe Resources were worth $6,526,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new stake in shares of Tahoe Resources during the 4th quarter worth approximately $132,000. Virtu Financial LLC acquired a new stake in shares of Tahoe Resources during the 3rd quarter worth approximately $139,000. SG Americas Securities LLC grew its position in shares of Tahoe Resources by 214.7% during the 4th quarter. SG Americas Securities LLC now owns 34,253 shares of the basic materials company’s stock worth $164,000 after buying an additional 23,368 shares during the period. Aperio Group LLC grew its position in shares of Tahoe Resources by 58.5% during the 3rd quarter. Aperio Group LLC now owns 32,795 shares of the basic materials company’s stock worth $173,000 after buying an additional 12,109 shares during the period. Finally, M&T Bank Corp grew its position in shares of Tahoe Resources by 77.0% during the 2nd quarter. M&T Bank Corp now owns 21,194 shares of the basic materials company’s stock worth $184,000 after buying an additional 9,217 shares during the period. Hedge funds and other institutional investors own 64.15% of the company’s stock.
Several brokerages have recently commented on TAHO. Zacks Investment Research cut shares of Tahoe Resources from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Credit Suisse Group cut shares of Tahoe Resources from an “outperform” rating to a “neutral” rating in a research report on Friday, January 26th. Finally, BidaskClub cut shares of Tahoe Resources from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold”.
Tahoe Resources (NYSE:TAHO) (TSE:THO) last released its quarterly earnings data on Monday, November 6th. The basic materials company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Tahoe Resources had a return on equity of 4.57% and a net margin of 12.44%. The firm had revenue of $155.20 million for the quarter, compared to the consensus estimate of $127.12 million. During the same period in the previous year, the business earned $0.21 EPS. The firm’s revenue was down 33.9% compared to the same quarter last year. equities analysts anticipate that Tahoe Resources Inc will post 0.3 earnings per share for the current year.
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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.
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