OppenheimerFunds Inc. reduced its position in Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) by 80.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 342,011 shares of the basic materials company’s stock after selling 1,447,989 shares during the quarter. OppenheimerFunds Inc.’s holdings in Tahoe Resources were worth $1,638,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Bourgeon Capital Management LLC bought a new stake in shares of Tahoe Resources in the 4th quarter valued at $120,000. Tower Research Capital LLC TRC lifted its position in shares of Tahoe Resources by 454.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 27,127 shares of the basic materials company’s stock valued at $130,000 after acquiring an additional 22,234 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Tahoe Resources during the 4th quarter valued at $132,000. Aperio Group LLC lifted 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 valued at $173,000 after acquiring an additional 12,109 shares during the period. Finally, SG Americas Securities LLC lifted 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 valued at $164,000 after acquiring an additional 23,368 shares during the period. 62.98% of the stock is currently owned by institutional investors.

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Tahoe Resources Inc (TAHO) opened at $4.79 on Wednesday. Tahoe Resources Inc has a 1 year low of $3.76 and a 1 year high of $9.68. The stock has a market cap of $1,510.00, a price-to-earnings ratio of 18.42, a P/E/G ratio of 3.42 and a beta of 0.25.

Tahoe Resources (NYSE:TAHO) (TSE:THO) last released its earnings results on Thursday, February 22nd. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.04). Tahoe Resources had a net margin of 11.15% and a return on equity of 3.18%. The company had revenue of $117.70 million for the quarter, compared to analyst estimates of $129.88 million. During the same quarter in the previous year, the firm earned $0.06 EPS. The firm’s revenue was down 37.9% on a year-over-year basis. equities research analysts expect that Tahoe Resources Inc will post 0.27 earnings per share for the current year.

A number of research firms recently issued reports on TAHO. ValuEngine downgraded shares of Tahoe Resources from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Credit Suisse Group downgraded shares of Tahoe Resources from an “outperform” rating to a “neutral” rating in a research report on Friday, January 26th. Finally, Zacks Investment Research downgraded shares of Tahoe Resources from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Tahoe Resources currently has an average rating of “Hold”.

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Tahoe Resources Company 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.

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

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