Beacon Securities lowered shares of Tahoe Resources (NYSE:TAHO) (TSE:THO) from a buy rating to a hold rating in a report released on Tuesday.

Several other equities research analysts have also recently weighed in on TAHO. ValuEngine cut Tahoe Resources from a sell rating to a strong sell rating in a research note on Friday, June 22nd. Zacks Investment Research cut Tahoe Resources from a hold rating to a strong sell rating in a research note on Wednesday, June 13th. Finally, TheStreet cut Tahoe Resources from a c rating to a d+ rating in a research note on Tuesday, May 22nd. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of Hold.

NYSE TAHO traded up $0.02 during trading hours on Tuesday, hitting $2.62. 53,401 shares of the company were exchanged, compared to its average volume of 4,305,729. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.97 and a quick ratio of 0.95. Tahoe Resources has a 52 week low of $2.55 and a 52 week high of $7.00. The stock has a market capitalization of $855.34 million, a P/E ratio of 9.56 and a beta of 0.18.

Tahoe Resources (NYSE:TAHO) (TSE:THO) last issued its quarterly earnings data on Wednesday, August 1st. The basic materials company reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.02). Tahoe Resources had a negative return on equity of 1.80% and a negative net margin of 9.04%. The company had revenue of $127.13 million for the quarter, compared to the consensus estimate of $129.33 million. During the same period in the previous year, the firm earned $0.11 earnings per share. The company’s revenue was down 39.3% compared to the same quarter last year. equities research analysts anticipate that Tahoe Resources will post -0.05 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA boosted its position in shares of Tahoe Resources by 54.4% during the second quarter. BNP Paribas Arbitrage SA now owns 34,467 shares of the basic materials company’s stock valued at $170,000 after buying an additional 12,148 shares during the period. Wedbush Securities Inc. boosted its position in shares of Tahoe Resources by 11.2% during the second quarter. Wedbush Securities Inc. now owns 151,680 shares of the basic materials company’s stock valued at $746,000 after buying an additional 15,330 shares during the period. Renaissance Technologies LLC boosted 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 buying an additional 19,023 shares during the period. CIBC Asset Management Inc boosted its position in shares of Tahoe Resources by 8.3% during the second quarter. CIBC Asset Management Inc now owns 257,654 shares of the basic materials company’s stock valued at $1,268,000 after buying an additional 19,765 shares during the period. Finally, Nwam LLC boosted its position in shares of Tahoe Resources by 56.4% during the second quarter. Nwam LLC now owns 56,418 shares of the basic materials company’s stock valued at $278,000 after buying an additional 20,336 shares during the period. 65.24% of the stock is currently owned by institutional investors.

About Tahoe Resources

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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